WEST CH 11 SOLUTIONS (2007)

WEST CH 11 SOLUTIONS (2007) - Path:

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-011_V2-SM.3d Date: 12th April 2006 Time: 19:43 User ID: 40223 CHAPTER 11 PARTNERSHIPS: DISTRIBUTIONS, TRANSFER OF INTERESTS, AND TERMINATIONS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 Basis in distributed property New 2 Loss recognition on distributions Unchanged 2 3 Nonliquidating distributions Unchanged 3 4 Hot assets Unchanged 4 5 Current distributions Unchanged 5 6 Classification under § 736 New 7 Ramifications of sale of a partnership interest New 8 Section 754 election Unchanged 8 9 Partnership terminations Unchanged 9 10 Sale of a partnership interest Unchanged 10 11 Comprehensive issues Unchanged 11 12 Family partnership Unchanged 12 13 Partner/owner liability for obligations of partnership, LLP or LLC Unchanged 13 14 Sale versus liquidation of interest Unchanged 14 15 Nonliquidating distribution; basis of assets distributed (limited); partner’s outside basis Unchanged 15 16 Nonliquidating distribution; basis of assets distributed (limited); partner’s outside basis Unchanged 16 *17 Nonliquidating distributions; amount and nature of gain or loss; basis of assets distributed; partner’s outside basis New *18 Continuation of Problem 17; partnership adjustment to basis on distribution of assets New *19 Allocation of basis to multiple assets distributed Unchanged 19 20 Effect of change in partner’s share of liabilities; nonliquidating distribution; basis of assets distributed; partner’s outside basis Unchanged 20 21 Current distributions Unchanged 21 11-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-011_V2-SM.3d Date: 12th April 2006 Time: 19:43 User ID: 40223 Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 22 Liquidating distributions Unchanged 22 23 Results of various liquidating distributions New 24 Proportionate distributions Unchanged 24 *25 Proportionate distributions Unchanged 25 *26 Proportionate distribution which liquidates partner’s 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 New *27 Same facts as Problem 26, except that cash and a desk are distributed; amount and nature of gain or loss; basis to partner of desk New *28 Distribution per Concept Summary 11-2 Unchanged 28 29 Distribution of precontribution gain property; gain or loss to contributing partner; gain or loss to distributee partner; effect on basis of distributed property; effect on basis of contributing partner’s interest in partnership Unchanged 29 30 Distribution to partner previously contributing precontribution gain property; gain or loss to distributee partner; effect on basis of partnership interest; effect on basis of partnership property Unchanged 30 31 Distribution of marketable securities; § 736 issues Unchanged 31 32 Classification and treatment of § 736 payments Unchanged 32 *33
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This homework help was uploaded on 04/06/2008 for the course ACC 355 taught by Professor Mears during the Spring '07 term at Delaware County CC.

Page1 / 26

WEST CH 11 SOLUTIONS (2007) - Path:

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online