Question: A partner will recognize a loss from an operating distribution when: A partner will never recognize a loss from an operating distribution. The partnership distributes
A partner will recognize a loss from an operating distribution when:
A partner will never recognize a loss from an operating distribution.
The partnership distributes property other than money with an inside basis greater than the partner's basis in the partnership interest.
The partnership distributes money in an amount that is less than the partner's basis in the partnership interest.
The partnership distributes money in an amount that is greater than the partner's basis in the partnership interest.
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