Which of the Following Is Not a Characteristic of a Partnership

question 83

Multiple Choice

Which of the following is not a characteristic of a partnership?

• A)Must be formed under state law
• B)Formation is generally tax free except for services received for a partnership interest
• C)Distributions of entity income are tax-free
• D)Loss is never recognized on a nonliquidating distribution

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Definitions:

Rest Cure

A medical treatment used in the late 19th and early 20th centuries, prescribing complete rest, often for mental health issues, highly criticized for its use on women.

Silas Weir Mitchell

A 19th-century American physician known for his work on nerve injuries and the rest cure, especially relating to the treatment of women with "hysteria."

Psychological Treatment

Methods and practices used by healthcare professionals to treat mental health issues and disorders, including therapy and counseling.

Freudian Ideas

Psychological theories and concepts developed by Sigmund Freud that emphasize unconscious motives and conflicts, particularly in the context of development and dreams.