Which of the Following Assets May Cause a Partner to Recognize

question 83

Multiple Choice

Which of the following assets may cause a partner to recognize ordinary income rather than capital gain on the sale of a partnership interest?

• A) buildings which have been placed in service after 1986
• B) inventory
• C) land
• D) marketable securities

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Definitions:

Stress Experienced

The physical or emotional response that individuals undergo when they perceive a discrepancy between the demands placed on them and their ability to meet those demands.

Anger

Anger is an emotional state characterized by feelings of annoyance, displeasure, or hostility towards someone or something.

Hostility

Aggressive behavior or attitudes towards others, often stemming from anger, resentment, or opposition.

Aggression

A range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.