Practical Guide to Partnerships and LLCs—Instructor’s Guide Problems
Chapter 2 – Partnership Formation and Computation of Partner Basis
If a partner contributes appreciated property to a partnership, and the
partnership later sells the property, how will the deferred gain be allocated
between the partners?
Suppose a partner contributes appreciated property to a partnership and then
later sells his partnership interest for a gain.
Is there any way for the partnership
to adjust the basis of the partnership property upward?
What is the one transaction which will cause an inside-outside basis disparity,
but does not allow a Code Sec. 754 election?