In applying the stock attribution rules to a stock redemption,stock owned by a partner is deemed to be owned in full by the partnership.

Question

Quizplus · Accepted Answer

According to the stock attribution rules, stock owned by a partner is deemed to be owned in full by the partnership in the case of a stock redemption. This is because the partnership is treated as a separate entity for tax purposes and the redeemed stock is considered to be owned by the partnership, rather than the individual partner. Therefore, option A is correct.

In Applying the Stock Attribution Rules to a Stock Redemption,stock