Meaning of "Unrealized Receivables" and "Inventory Items" in Partnership Transactions Harl, Neil
dc.contributor.department Iowa State University Digital Repository 2018-02-19T06:31:01.000 2020-06-29T22:57:46Z 2020-06-29T22:57:46Z 2017-12-19 2014-03-07
dc.description.abstract <p>In general, no gain is incurred by a partner on liquidation of a partnership except to the extent money distributed exceeds the income tax basis of the partner’s partnership interest and except for amounts received attributed to unrealized receivables and inventory.1 Whenever “unrealized receivables” and “inventory items” are involved, those amounts produce ordinary income.2 That rule applies also to sales of partnership interests to outsiders as well as sales to one or more of the partners.3 A major question, for farm and ranch partnerships, is what is meant by “unrealized receivables” and “inventory items”?4</p>
dc.identifier archive/
dc.identifier.articleid 2217
dc.identifier.contextkey 11274277
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol25/iss5/1
dc.source.bitstream archive/|||Fri Jan 14 17:51:05 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Meaning of "Unrealized Receivables" and "Inventory Items" in Partnership Transactions
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 1aecfd7f-9d19-4a61-8ee0-3ffce648a4f2
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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