Typically,a partner does not recognize a gain when he or she receives a current distribution.

Name: Typically,a partner does not recognize a gain when he or she receives a current distribution.
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According to the general tax rules for partnership distributions, a partner does not recognize a gain when receiving a current distribution unless the amount received exceeds the partner's basis in the partnership interest (in which case, the excess amount is treated as a gain).

Typically,a Partner Does Not Recognize a Gain When He or She