Normally a Distribution of Property from a Partnership Does Not

question 92

True/False

Normally a distribution of property from a partnership does not result in gain recognition. However, a distribution of marketable securities may be treated in part as a distribution of cash that could result in gain recognition.

---

Definitions:

Extra-

A prefix meaning outside, beyond, or in addition to.

Inside

The inner part or space of something.

Inner

Pertaining to or situated on the inside; internal.

Insomnia

A common sleep disorder characterized by trouble falling asleep, staying asleep, or getting restful sleep.