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Business, 07.05.2021 02:20 dkb

Only liquidating distributions may consist of cash or partnership property. b. A liquidating distribution occurs when a partnership itself liquidates and distributes all of its property to its partners. c. Whether a distribution is a liquidating or nonliquidating distribution depends solely on whether the partner remains a partner in the partnership after the distribution is made. d. A disproportionate distribution occurs when the distribution increases or decreases the distributee partner's interest in certain ordinary income-producing assets.

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Only liquidating distributions may consist of cash or partnership property. b. A liquidating distrib...
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