For Tax Purposes, a Partner Who Receives Retirement Payments Ceases

question 11

Multiple Choice

For tax purposes, a partner who receives retirement payments ceases to be regarded as a partner

• A) on the day on which the partner retires.
• B) on the last day of the month in which the partner retires.
• C) on the last day of the taxable year in which the partner retires.
• D) only after the partner's last payment is received.