V2-SM_ch 11

V2-SM_ch 11 - CHAPTER 11 PARTNERSHIPS: DISTRIBUTIONS,...

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Unformatted text preview: CHAPTER 11 PARTNERSHIPS: DISTRIBUTIONS, TRANSFER OF INTERESTS, AND TERMINATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1, 3 Basis in distributed property Unchanged 1 2 LO 2 Nonliquidating distributions Unchanged 2 3 LO 1, 2 Current distributions Unchanged 3 4 LO 1, 4, 6 Hot assets definitions Unchanged 4 5 LO 1, 2 Distribution ordering rules; liquidating New versus nonliquidating distributions 6 LO 1, 2 Conceptual: tax results of distributions New 7 LO 5 Section 736 income and property payments Unchanged 5 8 LO 6, 8 Ramifications of sale of a partnership interest Unchanged 6 9 LO 6 Sale of a partnership interest Unchanged 7 10 LO 7 Incorporation of a partnership New 11 LO 7 Death of a partner New 12 LO 7 Gift of partnership interest New 13 LO 8 Section 754 election Unchanged 8 14 LO 9 Partnership terminations Unchanged 9 15 LO 6, 8, Sale of a partnership interest Unchanged 10 9, 12 16 LO 1, 2, 3, Comprehensive issues Unchanged 11 4, 5, 6, 8 17 LO 10 Family partnership Unchanged 12 18 LO 11 Partner/owner liability for obligations of Unchanged 13 partnership, LLP or LLC 19 LO 5, 6, 9, Sale versus liquidation of interest Unchanged 14 12 20 LO 1 Nonliquidating distribution; basis of assets New distributed (limited); partners outside basis 21 LO 1 Nonliquidating distribution; basis of assets New distributed (limited); partners outside basis Instructor : For difficulty, timing, and assessment information about each item, see p. 11-4. 11-1 11-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition *22 LO 1 Nonliquidating distributions; amount and Modified 17 nature of gain or loss; basis of assets distributed; partners outside basis *23 LO 8 Continuation of Problem 22; partnership Modified 18 adjustment to basis on distribution of assets *24 LO 1 Allocation of basis to multiple assets Unchanged 19 distributed 25 LO 1 Nonliquidating distribution; basis New of assets distributed; partners outside basis; communications 26 LO 1, 2 Effect of change in partners share of New liabilities; nonliquidating versus liquidating distributions 27 LO 1, 3, 4 Current distribution concepts Modified 21 28 LO 1, 3, 4 Current distribution concepts Modified 21 29 LO 1, 3, 4 Current distribution concepts Modified 21 30 LO 2, 3, 4, Liquidating distributions Unchanged 22 12 31 LO 2 Results of various liquidating distributions Unchanged 23 32 LO 2, 12 Proportionate liquidating distributions Unchanged 24 *33 LO 2 Proportionate liquidating distributions Unchanged 25 34 LO 2, 12 Proportionate liquidating distributions New *35 LO 2 Proportionate distribution which liquidates Unchanged 27 partners interest; amount and nature of gain or loss; basis of land parcels to partner; effect of liquidating distribution if land parcels were inventory to partnership *36 LO 2, 12 Same facts as Problem 35, except that cash...
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V2-SM_ch 11 - CHAPTER 11 PARTNERSHIPS: DISTRIBUTIONS,...

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