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3 years ago

Gain is generally recognized in an asset distribution to a partner. True False

Business

1 answer:

8_murik_8 [283]3 years ago

5 0

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.

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The amount saved for the year would be:

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Answer:

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