Question: When is Code Sec. 751(b) activated? Group of answer choices When a distribution effectively results in an exchange of capital gains property for ordinary income

When is Code Sec. 751(b) activated? Group of answer choices When a distribution effectively results in an exchange of capital gains property for ordinary income property (hot assets) or the reverse. When a distribution effectively results in an exchange of capital gains property for ordinary income property (hot assets) but not the reverse. When a distribution effectively results in an exchange of capital gains property for capital gains property. When a distribution effectively results in an exchange of ordinary income property for ordinary income property

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