Multiple Choice
Match the following independent descriptions as hot i.e., ordinary income-producing) or nonhot assets with the following statements.
-Installment receivables for sale of a capital asset.
A) Hot assets for purposes of distributions, liquidation of a partnership interest under § 736, and sale of a partnership interest.
B) May be a hot asset for some but not all the purposes stated in a) .
C) Not a hot asset.
Correct Answer:

Verified
Correct Answer:
Verified
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