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  3. which is true? a) a cash distribution of an llcs i

Which is true? A) A cash distribution of an LLCs income to its members is...

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Accounting

Which is true?

A) A cash distribution of an LLCs income to its members is generally tax-free to them and to the LLC.

B) Only cash distributions from a partnership are taxable to partners.

C) Cash distributions exceeding a partner's basis in the partnership interest are taxable to the partner and to the partnership as ordinary income.

D) All are true.

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