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A payment to a retiring partner for his or her share of goodwill of a partnership in which capital is a material income-producing factor is classified as a § 736(a)income payment and results in ordinary income to the retiring partner and a current deduction to the partnership.
Prairie Houses
Architectural style developed by Frank Lloyd Wright, characterized by low-pitched roofs, wide eaves, and a strong emphasis on horizontal lines, reflecting the flat, broad landscape of the American Midwest.
Fireplace
A structure within a home or building designed to contain a fire for heating and, in many cases, cooking.
Alexander Calder
An American sculptor known for inventing the mobile, a type of kinetic sculpture that moves with air currents.
Mobile
A kind of sculpture, invented by Alexander Calder, combining nonobjective organic forms and motion in balanced structures hanging from rods, wires, and colored, organically shaped plates.
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