Josh has a 25% capital and profits interest in the calendar-year GDJ Partnership.His adjusted basis for his partnership interest on October 15 of the current year is $300,000.On that date,the partnership liquidates and makes a proportionate distribution of the following assets to Josh.
Definitions:
Shaping
A method in behavioral psychology used to gradually train a new behavior by reinforcing successive approximations to the desired behavior.
Premack Principle
A principle in psychology that states that more probable behaviors will reinforce less probable behaviors.
Negative Reinforcement
The removal of a stimulus to increase the probability that a behavior will be repeated.
Positive Punishment
The addition of a stimulus to decrease the probability that a behavior will recur.
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