SOLVED: Which of the following statements about partnerships is true?Group of answer choicesa) Partnerships must file their tax returns on a calendar year basis.b) No gain or loss is ever recognized in transactions between partners and a partnership.c) Gain is never recognized by a partner on a contribution of property to a partnership.d) A partner's initial basis in a partnership interest is equal to the basis of the property transferred (plus cash contributed) to the partnership, adjusted for
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