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Dan receives a proportionate nonliquidating distribution when the basis of his partnership interest is $30,000.The distribution consists of $10,000 in cash and property with an adjusted basis to the partnership of $24,000 and a fair market value of $26,500.Dan's basis in the noncash property is:
Part-time Work
Employment that involves working fewer hours than a full-time job, typically offering flexibility but fewer benefits than full-time employment.
Consensual Dominance
A dynamic in which one individual has control over another within the context of their mutual agreement, often discussed in terms of sexual or relationship dynamics.
Transgender
An umbrella term for a range of people who do not fit into normative constructions of sex and gender.
Sex Reassignment
The process of changing one's physiological or anatomical sex to align with one's gender identity, through surgical, hormonal, or other treatments.
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