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

Understand the concept of mean and how it is calculated for a dataset.

Understand the concept of standard deviation and its calculation for both population and sample data.

Interpret complex data calculations and their significance in describing dataset characteristics.

Identify measures of central tendency and measures of variability.