Identify the following provisions as deferral (D) or exclusion (E) provisions.
-Transfers to a partnership by a partner
A)deferral(D)
B)exclusion(E)

Question

Quizplus · Accepted Answer

Transfers to a partnership by a partner are generally considered deferral provisions. This is because the tax on any gain or loss on the transferred property is deferred until the partnership disposes of the property or the partner disposes of the partnership interest.

Identify the Following Provisions as Deferral (D) or Exclusion (E)