Under Which of the Following Circumstances Would a Partnership Terminate

question 68

Multiple Choice

Under which of the following circumstances would a partnership terminate and close its tax year?

• A)Divorce of a partner
• B)Sale of an interest in a partnership by a partner who holds a 60 percent capital and profits interest
• C)Entry of a new partner
• D)Distribution of property to a 10 percent partner in complete termination of the partner's interest in the partnership
• E)None of the above

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Definitions:

Guards

Individuals tasked with the protection of people, property, or premises, often through monitoring and enforcing safety protocols.

Aggressive

Behaviors or attitudes characterized by hostility or assertiveness towards others, potentially leading to conflict.

Prisoners

Individuals who are held in confinement as a punishment for crimes they have been convicted of, or while awaiting trial.

Revolt

An act of rebellion against authority or established order; a refusal to accept control or comply with norms.