https://www.taxtmi.com/forum/issue?id=107063 Capital gains tax consequences arise when partnership assets are transferred on a partner's retirement or on dissolution: whether transfers of property to partners generate firm-level capital gains measured by the difference between transfer value and firm cost; whether cash paid in excess of a partner's capital account creates taxable gain; whether prior revaluation and book entries may alter tax treatment; and whether family settlements among partners can be used to transfer properties before retirement to affect tax incidence. en-us Mon, 21 Jul 2014 17:13:38 +0530 Thu, 23 Jan 2025 15:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107063 Capital gains tax consequences arise when partnership assets are transferred on a partner's retirement or on dissolution: whether transfers of property to partners generate firm-level capital gains measured by the difference between transfer value and firm cost; whether cash paid in excess of a partner's capital account creates taxable gain; whether prior revaluation and book entries may alter tax treatment; and whether family settlements among partners can be used to transfer properties before retirement to affect tax incidence. Discussion-Forum Income Tax Mon, 21 Jul 2014 17:13:38 +0530 https://www.taxtmi.com/forum/issue?id=107063