Question: ection 7 0 4 ( c ) Minimum Gain is defined as Question options: The excess of partnership nonrecourse debt over the partnership s basis

ection 704(c) Minimum Gain is defined as
Question options:
The excess of partnership nonrecourse debt over the partnerships basis in assets
The excess of partnership nonrecourse debt over the book value of the partnerships assets
The excess of contributed nonrecourse debt over the contributing partners basis in the debt financed property
None of the above

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