In 1,500–2,500 words, describe partnership contributions and distributions. 38891

| November 13, 2015

QuestionIn 1,500–2,500 words, describe partnership contributions and distributions. Please include information on the taxability of partnership contributions (Chapter 19) and distributions (Chapter 20) and how the IRS has created various elections to counterbalance or minimize the uneven effects of certain types of distributions.

This grading rubric is provided for your reference:

Category Possible Points

Partnership contributions 12

Partnership distributions 12

Elections available to mitigate Inequities 10

Spelling/grammar 3

Required word count (1,500–2,500) 3

Late Penalty

Total 40

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