Match the following independent distribution payments in liquidation of a partner's interest in an ongoing partnership with the statements below.
-Distribution of $100,000 cash to a managing member general partner) in a cash basis service-oriented LLC for the member's share of unrealized receivables and land.
A)A payment for the partner's share of partnership income under § 736a).
B)A payment for the partner's share of partnership property under § 736b).
C)The payment includes both a § 736a) and a § 736b) element.

Question

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The distribution includes both a payment for the partner's share of partnership income (unrealized receivables, which are considered income as they are realized) under § 736(a) and a payment for the partner's share of partnership property (land) under § 736(b).

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