Which of the Following Is True Concerning a Partner's Basis

question 36

Multiple Choice

Which of the following is true concerning a partner's basis in assets (other than money) distributed in an operating distribution?

• A)A partner's bases in the distributed assets will be greater than the partnership's bases in the assets.
• B)A partner's bases in the distributed assets will be equal to the partnership's bases in the assets.
• C)A partner's bases in the distributed assets will be less than or equal to the partnership's bases in the assets.
• D)None of these statements is truE.See discussion on operating distributions in the text.

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