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JLcpa
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Joined: 22 Sep 2009
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Posts: 202

Posted: 02 May 2011 at 06:38 \| IP Logged

In a liquidating or non-liquidating distribution, does a partnership (not the partner) ever recognize gain or loss?
If so, when, and how is it calculated?

pls help.

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Jas, Jersey City, NJ
AUD- 18 Nov 2009- 86
FAR- 28 Jan 2010- 91
BEC- 26 Feb 2010- 87
REG- May 2011- 78

jl0329
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Joined: 15 Feb 2011
Location: United States
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Posts: 186

Posted: 03 May 2011 at 09:44 \| IP Logged

In short, no.

JLcpa
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Joined: 22 Sep 2009
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Posts: 202

Posted: 04 May 2011 at 04:46 \| IP Logged

thanks!

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Jas, Jersey City, NJ
AUD- 18 Nov 2009- 86
FAR- 28 Jan 2010- 91
BEC- 26 Feb 2010- 87
REG- May 2011- 78

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