Maria Owns a 60% Interest in the KLM Partnership

question 7

True/False

Maria owns a 60% interest in the KLM Partnership.Four years ago her father gave her a parcel of land.The gift basis of the land to Maria is $60,000.In the current year, Maria had still not figured out how to use the land for her own personal or business use; consequently, she sold the land to the partnership for $75,000.The partnership immediately started using the land as a parking lot for its employees.Maria's recognized gain of $15,000 on the sale is capital-not ordinary.

---

Definitions:

Violent TV Programs

Television content that contains scenes of physical force intended to hurt, damage, or kill, often subject to criticism for potential harmful social effects.

Aggressive Behavior

Actions intended to harm or injure another being either physically or psychologically.

Primes Aggressive Thoughts

The process by which exposure to certain stimuli or environments increases the likelihood of aggressive responses or thoughts.

Violent Media

Media content that depicts scenes of physical or psychological harm, aggression, or conflict.