When Must a Partnership Make Mandatory Basis Adjustments

question 29

Multiple Choice

When must a partnership make mandatory basis adjustments?

• A)on any sale of a 20% or greater partnership interest
• B)on any sale of a partnership interest for $250,000 or more
• C)on any distribution of assets with a value of $250,000 or more
• D)on any sale of a partnership interest where the partnership's adjusted basis in its assets exceeds their fair market value by $250,000 or more

---

Definitions:

Major Depressive Disorder

A psychiatric disorder characterized by a persistent feeling of sadness or a lack of interest in external stimuli.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Brain Cells

Specialized cells in the brain, including neurons and glial cells, which are responsible for processing and transmitting information throughout the body.

Disorganized Thinking

A state where an individual has trouble organizing their thoughts, often leading to difficulties communicating or making decisions.