[forever_studying96]

Does anyone know if partnerships are also subject to built in gains tax when property is contributed? I’m using Becker and the built in gains is in the S Corps section, however I just ran into a MCQ for a partnership with a built in gain. I didn’t see anything in Becker talking about built in gains for partnerships though, only S corps.

AUD - 86
BEC - NINJA in Training
FAR - NINJA in Training
REG - NINJA in Training

Am I done yet?

[Mike J]

Yes. Partners contributing property have built-in gains.

AUD - 90
BEC - 79
FAR - 77
REG - 77

They don't trust JUST ANYBODY to count beans

[Author]

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