menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 33: Partnerships and S Corporations
  5. Question
    If a Partner Contributes Depreciable Property to a Partnership in Exchange
Solved

If a Partner Contributes Depreciable Property to a Partnership in Exchange

Question 68

Question 68

True/False

If a partner contributes depreciable property to a partnership in exchange for a partnership interest,the depreciation recapture potential of the contributed assets does not carry over to the partnership.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q63: Worthy Corporation elected to be taxed as

Q64: To receive S corporation treatment,a qualifying shareholder

Q65: Realto LLC is a tax partnership which

Q66: Assuming extensions are not filed,tax returns for

Q67: A partnership's interest expense deduction is limited

Q69: Stephanie owns a 25% interest in a

Q70: Passive activity loss limitations apply to S

Q71: An S corporation distributes land to its

Q72: Which of the following statements regarding voluntary

Q73: Tonya is the 100% shareholder of

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines