2.09.3 Partners Dealing with Their Own Partnership (4)

Question 問題、
Kay Shea owns a 55% interest in the capital and profits of Admor Antiques, a partnership. In the current year, Kay sold an oriental lamp to Admor for $5,000. Kay bought this lamp 16 years ago for her personal use at a cost of $1,000 and used it continuously in her home until she sold it to Admor. Admor purchased the lamp as inventory for sale to customers in the ordinary course of business. What is Kay's reportable gain in the current year on the sale of the lamp to Admor?

A. $4,000 ordinary income.

B. $4,000 long-term capital gain.

C. $2,200 ordinary income.

D. $2,200 long-term capital gain.

The correct answer is 正解は、[A. $4,000 ordinary income.]
パートナーシップとの関係者取引において、譲渡資産が譲受者にとって資本資産ではない場合、譲渡者はそのgainを通常所得として扱わなければならない。