No Gain Is Recognized on the Sale of Property Between

question 60

True/False

No gain is recognized on the sale of property between a partnership and a more-than-50% partner.

---

Definitions:

Tautomers

Isomers of organic compounds that differ in the position of protons and electrons but have the same molecular formula, often interconverting in a chemical equilibrium.

Enols

Organic compounds containing a hydroxyl group directly bonded to a carbon atom that is double-bonded to another carbon atom.

Ketones

Ketones are organic compounds characterized by a carbonyl group (C=O) linked to two carbon atoms. They are part of many biological and synthetic substances.

Diastereomers

Stereoisomers that are not mirror images of each other, differing in the arrangement of atoms in space, impacting physical properties and reactivity.