Examlex
Joshua is a 40% partner in the XY Partnership when he sells his entire interest to Stanley for $60,000 cash. At the time of the sale, Joshua's basis is $36,000, which includes his $10,000 share of partnership liabilities. The partnership has no Sec. 751 assets. Calculate Joshua's gain or loss on the sale.
Jackie Robinson
The first African American to play in Major League Baseball in the modern era, breaking the baseball color line when he started at first base for the Brooklyn Dodgers on April 15, 1947.
Interracial Marriages
Interracial marriages are unions between individuals of different racial backgrounds, which have historically faced legal and social challenges.
Anticommunist Groups
Organizations that oppose communism and its spread, often advocating for capitalist or democratic principles as alternatives.
Q16: In a Sec.332 liquidation, what bases do
Q42: Cook's Outlet has been an S corporation
Q56: The Williams Trust was established six years
Q60: P-S is an affiliated group that files
Q72: Eagle Corporation has always been an S
Q91: In Fall 1999, Ford Motor Company's board
Q97: What are the requirements for classifying a
Q99: In November 1976, Grant uses $30,000 of
Q101: Mario contributes inventory to a partnership on
Q107: For Sec.751 purposes, "substantially appreciated inventory" means