Limited liability company & partnership answer book
[IRC As 448(d)(3)] However, Code Section 448(d)(3) does not similarly exempt limited partnerships or LLCs. Nevertheless ... Q 7:32 Can an ordinary asset in the hands of a member be converted into a capital asset in the LLC? Generally, no.
| Title | : | Limited liability company & partnership answer book |
| Author | : | Martin |
| Publisher | : | Aspen Publishers - 1998-10 |
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