A payment to a retiring partner for his or her share of goodwill of a partnership in

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A payment to a retiring partner for his or her share of goodwill of a partnership in which capital is not a material income-producing factor may be classified as a 736(a) income payment and results in ordinary income to the retiring partner and a current deduction to the partnership

Posted Date: May 19, 2024 02:11 AM

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A payment to a retiring partner for his or her share of goodwill of a partnership in

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