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What are the tax consequences to the distributee-partner(s) and the donee of an inter- vivos gift of previously distributed inventory?

Posted on June 21, 2022June 21, 2022 by Shady

1. Whether a non-liquidating distribution of inventory by an LLC to its member(s), would result in the recognition of gain or loss? 2. What are the tax consequences to the distributee-partner(s) and the donee of an inter- vivos gift of previously distributed inventory?

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