Question: 1 7 A 7 5 4 election Is made by a distributee partner for a tax year in which the distributee partner recognizes gain or

17 A 754 election Is made by a distributee partner for a tax year in which
the distributee partner recognizes gain or loss on a distribution from a partnership or 2. the distributee partner's basis in distributed assets differs from the partnership's inside basis in those assets.
1 7 A 7 5 4 election Is made by a distributee

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