Match the following independent distribution payments in liquidation of a partner's interest in an ongoing partnership with the statements below.
-Distribution of cash of $25,000 for a partner's share of substantially appreciated inventory.
A)A payment for the partner's share of partnership income under § 736(a).
B)A payment for the partner's share of partnership property under § 736(b).
C)The payment includes both a § 736(a) and a § 736(b) element.

Question

Quizplus · Accepted Answer

This payment is specifically for the partner's share of substantially appreciated inventory, indicating that it is a payment for the partner's share of partnership property under § 736(b).

Match the Following Independent Distribution Payments in Liquidation of a Partner's