IDNLearn.com: Where your questions meet expert answers and community support. Discover prompt and accurate responses from our experts, ensuring you get the information you need quickly.
In which of the following independent situations would the transaction most likely be characterized as a disguised sale? - Tom contributes appreciated property to the BBC Partnership. Thirty months later, he receives a distribution from the partnership of $15,000 cash. None of the other partners received a distribution. There was no agreement that BBC would make the distribution, and Tom would have made the contribution whether or not the partnership made the distribution. - Partner Matt contributes appreciated property to the equally-owned four-member STSS Partnership in exchange for a 25% interest. After 20 months, the STSS Partnership distributes $10,000 to partners Aliza, Nicole, and Maura, and $50,000 to Matt. - Beth contributes property with a basis of $20,000 and a fair market value of $50,000 to the LCB Partnership in exchange for a 20% interest therein. The partnership agrees to distribute $20,000 to Beth in 15 months if partnership cash flows from operations exceed $100,000 at that time. The partnership does not expect to produce operating cash flows of over $100,000 for at least five years. - Partner Bill contributes appreciated property to the PAS Partnership, and three years later PAS distributes $100,000 proportionately to the partners.
Sagot :
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.
