FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 74 Topic 8 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 74 Topic 8 Discussion

Series-7 Exam Topic 8 Question 74 Discussion:
Question #: 74
Topic #: 8

Limited partnerships try to avoid recapture because:


A.

it turns potential capital gains into current taxable income


B.

it may subject the partnership to the add-on tax


C.

it increases the risk of a tax audit


D.

it always increases the investor’s tax bracket


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