2.08.1 Partnership Defined (3)

Question 問題、
Partnership A purchased a tract of land for investment for $50,000. It immediately sold the land to Partnership B for $70,000. The fair market value of the land at the time of sale was $75,000. Betty owns 50% of Partnership A. Betty owns 30% and her mother, Irene, owns 30% of partnership B. All other partnership owners are not related to Betty, Irene, or each other. Identify the nature and the amount of gain (loss) Partnership A should properly report for tax for the year of the sale.

A. Partnership A should report a short-term capital gain of $20,000.

B. Partnership A should report an ordinary gain of $20,000 because the sale was made to a related party.

C. Partnership A may elect to defer the $20,000 capital gain on the sale of the property.

D. Partnership A should report $25,000 capital gain on the sale of the property.

The correct answer is 正解は、[A. Partnership A should report a short-term capital gain of $20,000.]
同一の者により50%超の持分が所有されているパートナーシップ間の取引は関係者間取引となる。
配偶者、兄弟姉妹、祖父母・父母・子・孫の血族が所有する持分についても間接的に所有しているとみなす。
BettyのPartnership Aの持分は50%ちょうどなので関係者間取引には該当しない。