Rules would affect the transfer of inventory

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Partners and partnerships do not recognize gains under section 721 when property is contributed by a partner in exchange for a partnership interests. Discuss how these rules would affect the transfer of inventory items and unrealized receivables to a partnership by a partner.

Reference no: EM13952712

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Rules would affect the transfer of inventory : Partners and partnerships do not recognize gains under section 721 when property is contributed by a partner in exchange for a partnership interests. Discuss how these rules would affect the transfer of inventory items and unrealized receivables ..

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