If a Distribution Occurs Within ________ Years of the Contribution

question 30

Multiple Choice

If a distribution occurs within ________ years of the contribution date, in a nonliquidating distribution that does not qualify for Sec. 751 treatment, the distribution event may trigger a precontribution gain or loss.

• A)three
• B)five
• C)seven
• D)unlimited

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Definitions:

Bourgeoisie

a class of people in a capitalist society who own the means of production and thus have economic and social power over the working class or proletariat.

Analyzed authority

The process of examining and questioning the basis, nature, and effects of authority within various social structures and institutions.

Power

The faculty or proficiency to control or impact the actions of people or the development of circumstances.

Aboriginal self-government

The right and ability of Indigenous peoples to govern themselves, make decisions about their own affairs, and maintain their cultural practices and institutions.