Under Which of the Following Circumstances Will a Partner Recognize

question 42

Multiple Choice

Under which of the following circumstances will a partner recognize a loss from an operating distribution?

• A)A partner will never recognize a loss from an operating distribution.
• B)A partner will recognize a loss from an operating distribution when the partnership distributes property other than money with an inside basis greater than the partner's basis in the partnership interest.
• C)A partner will recognize a loss from an operating distribution when the partnership distributes money in an amount that is less than the partner's basis in the partnership interest.
• D)A partner will recognize a loss from an operating distribution when the partnership distributes money in an amount that is greater than the partner's basis in the partnership interest.

---

Definitions:

Poverty

A condition where individuals or groups lack the financial resources to meet basic living needs, such as food, shelter, and healthcare.

Over 65

Refers to the population demographic that is aged 65 and older, often used in discussions about aging, retirement, and social security policies.

Female-Heading Family

A family unit where the primary caregiver or head of the household is a female.

Children Under 18

Denotes individuals who are legally considered minors, generally not yet reaching the age of majority and thus under certain legal restrictions and protections.