Subchapter K Part II & III- Contributions, Distributions, and Transfers

Question 1

Subpart A - Contributions to a Partnership

Answer 1

721-724

Question 2

Nonrecognition of Gain or Loss on Contribution

Answer 2

721

Question 3

Basis of Contributing Partner’s Interest

Answer 3

722

Question 4

Basis of Property Contributed to Partnership

Answer 4

723

Question 5

Character of Gain or Loss on Contributed Unrealized Receivables, Inventory Items, and Capital Loss Property

Answer 5

724

Question 6

Subpart B - Distributions by a Partnership

Answer 6

731-737

Question 7

Extent of Recognition of Gain or Loss on Distribution

Answer 7

731

Question 8

Basis of Distributed Property Other Than Money

Answer 8

732

Question 9

Basis of Distributee Partner’s Interest

Answer 9

733

Question 10

Adjustment to Basis of Undistributed Partnership Property Where Section 754 Election or Substantial Basis Reduction

Answer 10

734

Question 11

Character of Gain or Loss on Disposition of Distributed Property

Answer 11

735

Question 12

Payments to a Retiring Partner or a Deceased Partner’s Successor in Interest

Answer 12

736

Question 13

Recognition of Precontribution Gain in Case of Certain Distributions to Contributing Partner

Answer 13

737

Question 14

Subpart C - Transfers of Interests in a Partnership

Answer 14

741-743

Question 15

Recognition and Character of Gain or Loss on Sale or Exchange

Answer 15

741

Question 16

Basis of Transferee Partner’s Interest

Answer 16

742

Question 17

Special Rules Where Section 754 Election or Substantial Built-in Loss

Answer 17

743

Question 18

Subpart D - Provisions Common to Other Subparts

Answer 18

751-755

Question 19

Unrealized Receivables and Inventory Items

Answer 19

751

Question 20

Treatment of Certain Liabilities

Answer 20

752

Question 21

Partner Receiving Income in Respect of Decedent

Answer 21

753

Question 22

Manner of Electing Optional Adjustment to Basis of Partnership Property

Answer 22

754

Question 23

Rules for Allocation of Basis

Answer 23

755

Question 24

Subchapter K Part III - Definitions

Answer 24

761

Question 25

Terms Defined

Answer 25

761