Under Which of the Following Circumstances Would a Partnership Terminate

question 68

Multiple Choice

Under which of the following circumstances would a partnership terminate and close its tax year?

• A)Divorce of a partner
• B)Sale of an interest in a partnership by a partner who holds a 60 percent capital and profits interest
• C)Entry of a new partner
• D)Distribution of property to a 10 percent partner in complete termination of the partner's interest in the partnership
• E)None of the above

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