Under which of the following circumstances will a selling partner's capital account not carry over to the purchaser of the partnership interest?
A) A selling partner's capital account will always carry over to the purchaser.
B) A selling partner's capital account will never carry over to the purchaser.
C) A selling partner's capital account will not carry over to the purchaser when the purchaser purchases the interest with property other than cash.
D) A selling partner's capital account will not carry over to the purchaser when the selling partner contributed built-in loss property to the partnership.
Correct Answer:
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