If a Partner Has a More Than 50 Percent Interest

question 5

True/False

If a partner has a more than 50 percent interest in a partnership,a capital gain resulting from the sale of property to the partnership will be taxed as ordinary income to the partner,provided the property is not a capital asset to the partnership.

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Definitions:

Massed Practice

A learning technique involving intense, concentrated periods of practice or study without rests in between, contrasting with distributed practice.

Developmental Psychologist

A specialist in psychology who studies the growth and development of the human mind and behavior over a lifetime.

Moral Thinking

The process of reasoning about ethical principles and determining what is right and wrong behavior.

Biological Psychology

The scientific study of the links between biological (genetic, neural, hormonal) and psychological processes. Some biological psychologists call themselves behavioral neuroscientists, neuropsychologists, behavior geneticists, physiological psychologists, or biopsychologists.