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KNOWLEDGE CHECK

Partnership taxation
Contributions, distributions & basis

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* When does a liquidating distribution occur?

A partner’s entire interest in the partnership is liquidated.

A partner’s interest is reduced by 50 percent or more in the partnership.

Only a partner’s capital interest in the partnership is completely terminated.

A partner is no longer a material participant in the partnership.

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KNOWLEDGE CHECK

Partnership taxation Contributions, distributions & basis

Partnership taxation Contributions, distributions & basis

Check your knowledge on this topic

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Partnership taxation
Contributions, distributions & basis

Partnership taxation
Contributions, distributions & basis