When a Partner Receives a Cash Distribution from a Partnership

question 60

True/False

When a partner receives a cash distribution from a partnership, the distribution is never taxable even if the amount of cash received is greater than the partner's basis in the partnership.

---

Definitions:

Primary Sex Characteristics

The body structures (ovaries, testes, and external genitalia) that make sexual reproduction possible.

Secondary Sex Characteristics

Physical features that emerge during puberty and distinguish the two sexes from each other but are not directly involved in reproduction.

Child Care

The care and supervision of a child or multiple children, ranging from a few weeks to several years of age.

Gender Typing

the process by which a child becomes aware of their gender and thus begins to enact the roles and behaviors that society deems appropriate for that gender.