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    Federal Taxation
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    Exam 9: Partnership Formation and Operation
  5. Question
    Does the Contribution of Services to a Partnership in Exchange
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Does the Contribution of Services to a Partnership in Exchange

Question 107

Question 107

Essay

Does the contribution of services to a partnership in exchange for an unrestricted partnership interest qualify for Sec. 721 nontaxable treatment?

Correct Answer:

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No. The service partner recogn...

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