Question: What conditions are required for a partner to recognize a loss upon receipt of a distribution from a partnership? A . A partner can recognize

What conditions are required for a partner to recognize a loss upon receipt of a distribution from a partnership?

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A partner can recognize a loss on a distribution only if it is a liquidating distribution consisting of money, unrealized receivables, and

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or inventory and the sum of these amounts is less than the partner's predistribution basis in his or her partnership interest.

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A partner can recognize a loss on a distribution only if it is a liquidating distribution consisting of any form of money or property, where the sum of the distributions is less than the partner's predistribution

What conditions are required for a partner to

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