Distribution from Partnership- Current (Non-liquidating)

In this session, I explain current non-liquidating distribution from partnership.
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Пікірлер: 1

  • @claude77573
    @claude775733 ай бұрын

    I assume the gain recognized on the distribution of cash in excess of basis (or the relief of debt in excess of basis) is treated as ordinary income. Is the partnership required to issue a 1099-MISC (or some other form) to the partner?