Answer:
the bonds will recognize a gain for 3,500
Explanation:
The adjusted basis of the stock will be the value in Winkler books.
So selling at 7,500 will recognize gain for 3,500
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You have to do A. Address problem with counterplan I just took the unit test I know for sure
Answer:
False
Explanation:
Usually distributions reduce a partner's outside basis in a partnership, they are generally not considered income. Since most distributions are not considered income, they do not result in gains for the partner. Some distributions may result in gains, such as certain cash distributions or securities (bonds) distributions. It is uncommon for a gain to result from property being distributed.
