All of the Following Are Separately Stated Items That Pass

question 54

Multiple Choice

All of the following are separately stated items that pass through from the partnership to the partners except

• A)1231 gains or losses.
• B)charitable contributions.
• C)capital gains and losses.
• D)1245 and 1250 recapture.

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Definitions:

Clutch Pack

A component of an automatic transmission consisting of multiple discs and plates that engage and disengage to change gears.

Clutch Free Pedal

The free downward travel of a clutch pedal during which the clutch release linkage takes up the 1/8 inch (3 mm) of free travel between the release forks and the clutch release bearing. After clutch free pedal has been taken up, the clutch begins to release as the pedal continues to be depressed. Clutch free pedal is correctly set at between 1½ and 2 inches (3.8 and 5 cm).

Release Yoke Fingers

Components in a clutch mechanism that disengage the clutch disc from the flywheel, allowing the transmission to shift gears.

Push Type Clutch

A clutch mechanism activated by pushing a pedal, which disengages the drive shaft to change gears or stop the vehicle without stalling the engine.