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When determining the tax effects of a disproportionate distribution, which of the following steps must be taken into consideration?

When determining the tax effects of a disproportionate distribution, which of the following steps must be taken into consideration?


Cash must be classified as a hot asset

Determine the basis of the assets of each class

Determine whether capital assets ha substantially appreciated

The partnership's assets must be classified between hot assets and accounts receivable

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the correct answer is:... View the full answer

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    • TaxStudent
    • Apr 06, 2018 at 3:51am

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Determine the basis... View the full answer

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  • Thank you
    • TaxStudent
    • Apr 04, 2018 at 9:37am

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