If a Partnership Asset with a Deferred Precontribution Gain Is

question 84

True/False

If a partnership asset with a deferred precontribution gain is distributed within seven years of acquisition in a nonliquidating distribution to a partner who did not contribute the asset, the precontribution gain must be recognized by the contributing partner.

---

Definitions:

Heterosexual/Homosexual Division

The categorization of individuals based on their sexual orientation towards the opposite sex (heterosexual) or the same sex (homosexual).

Kinsey's Research

Groundbreaking studies conducted by Alfred Kinsey in the mid-20th century, focusing on human sexual behavior and challenging many conventional norms of the time.

Natural

Referring to phenomena or characteristics that exist or happen independently of human intervention.

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.