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    Federal Taxation
  4. Exam
    Exam 11: Partnerships Distributions Transfer of Interests and Terminations
  5. Question
    Loss Cannot Be Recognized on a Distribution from a Partnership
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Loss Cannot Be Recognized on a Distribution from a Partnership

Question 117

Question 117

True/False

Loss cannot be recognized on a distribution from a partnership unless cash, unrealized receivables, and/or § 1231 assets are the only items distributed.

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