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When a partner receives a disproportionate distribution of all ordinary income assets, which of the following is deemed to occur for the partnership?...

When a partner receives a disproportionate distribution of all ordinary income assets, which of the following is deemed to occur for the partnership?

  • A deemed purchase of capital assets by the distribute partner.
  • A deemed purchase of ordinary assets by the partnership
  • A deemed sale of capital assets by the distributing partner
  • A deemed sale of ordinary assets by the partnership

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A deemed purchase of... View the full answer

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