All of the following are considered related parties for purposes of Sec.1239 recapture with the exception of
A)an individual and a partnership where the individual has a one-fourth interest in the partnership.
B)an individual and a corporation where the individual owns more than 50% of the value of the outstanding stock of the corporation.
C)an individual and a corporation where the individual's spouse owns more than 50% of the value of the outstanding stock of the corporation.
D)an individual and a partnership where the individual owns more than 50% of the capital of the partnership.

Question

Quizplus · Accepted Answer

An individual with only a one-fourth interest in a partnership is not considered a related party under Sec. 1239, which typically requires more than 50% ownership or control.

All of the Following Are Considered Related Parties for Purposes