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

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Definitions:

Sales Message

Advertising or promotional content designed to influence the buying behavior of potential customers towards a product or service.

Sensational Words

Words designed to evoke strong feelings or emotions, often used to attract attention or to exaggerate.

Single Appeal

An advertising or persuasive strategy focusing on one key message or benefit to influence the audience.

Product's Audience

Refers to a specific group of people a product is designed and marketed for.