The transfer of property to a partnership in exchange for a partnership interest will generally not be a taxable event.

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The transfer of property to a partnership in exchange for a partnership interest is typically considered a tax-free contribution of capital. This means that no immediate tax liability is incurred as a result of the transfer. However, the partner may be subject to tax on their share of the partnership's income in future years.

The Transfer of Property to a Partnership in Exchange for a Partnership