An Additional Allocation of Partnership Debt or Relief of Partnership

question 94

True/False

An additional allocation of partnership debt or relief of partnership debt is considered to be a deemed cash contribution or cash distribution, respectively.

---

Definitions:

Nail Bed

The skin beneath the nail plate that's responsible for supporting and nourishing the fingernail or toenail.

Fungi

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools.

Local Nerve Damage

Injury or dysfunction of one or more nerves in a specific area of the body, which can affect sensation, movement, or both.

Skin Impairment

Damage or disorder affecting the skin's integrity, health, or appearance.