The Sale of a Partnership Interest Always Results in Capital

question 8

True/False

The sale of a partnership interest always results in capital gain or loss rather than ordinary income.

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Federal Rules

Regulations established by federal government agencies to guide, implement, or manage public policy or federal programs.

General Jurisdiction

The power of a court to hear any type of case.

Subject Matter

The content or topic covered or dealt with in a discussion, study, or work, focusing on the specific area of interest or theme.

Unlimited Jurisdiction

A legal term indicating a court's ability to hear cases of any type or value without monetary limit.