Dwight transferred assets that had appreciated in value to Dunder-Mifflin Partnership in 2020 in exchange for an ownership interest in the partnership. If, later in 2020, Dwight pulled cash out of the partnership, what doctrine might the IRS use in an audit to challenge these transactions?

• Group of answer choices
• Economic substance doctrine
• Substance over form doctrine
• Step transaction doctrine
• Business purpose doctrine

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Answer rating: 100% (QA)

Answer Step transaction doctrine Under the interdependence test the steptransaction doctr... View the full answer