The flow-through gain would have pumped up the basis in the partnership interest resulting in a capital loss on liquidation.
The lack of the inside-basis might have minimal effect on federal tax due, since the capital loss on liquidation of the partnership would offset the flow-through gain.
If a 754 election had been in effect, there would have been a lower flow-through of gain from the partnership and a modest or no gain or loss on liquidation.
Ultimately, businesses that adapt to the volatility of fuel prices and take advantage of the fast flow of market information are able to gain an advantage.
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In many cases for inventors and flow through entities, IP can produce capital gain rather than ordinary income.
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Banks would have a greater incentive with higher rates and gain some comfort in lending more which would stimulate the flow of liquidity sitting as excess capital in banks today.
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Apologists for the capital gains tax say that when an asset is sold, the capital gain is converted to cash and can be viewed as an income flow.
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While the results were disappointing with declines of 11% in net sales and 9.3% in comparable sales compared to Q2 2011, strong cash flow during the quarter and a 67% increase in its dividend has caused the stock to gain nearly 15% after the earnings disclosure.
He also likes electronic-products maker Hubbell Inc. (nyse: HUB.b - news - people ), which reported a 39% gain in first-quarter revenue, as well as 20 consecutive quarters of positive operating cash flow.
Known as the Cybram 001, it's said to properly simulate the flow and pressure of one's arterial system from the cerebrum to the groin, and should allow doctors to gain greater familiarity with inserting surgical instruments into these delicate spaces.
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