Match the Following Independent Distribution Payments in Liquidation of a Partner's

question 31

Multiple Choice

Match the following independent distribution payments in liquidation of a partner's interest in an ongoing partnership with the statements below.
-Distribution of cash of $10,000 to a general partner for goodwill, where goodwill is provided for in the partnership agreement, and the partnership derives most of its income from services.

• A)A payment for the partner's share of partnership income under § 736(a).
• B)A payment for the partner's share of partnership property under § 736(b).
• C)The payment includes both a § 736(a) and a § 736(b) element.

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Magnitude Problem

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