id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-385	Burke, Karen C.	Taxing Hot Asset Shifts	2022	37	.pdf	application/pdf	16339	706	53	The continuing partners would have a $100 share of cold asset gain and64 a $50 share of hot asset gain inside the partnership. If C recognizes hot asset gain of100 $20, C’s share of inside basis is restored to zero ($10 book value less $10 remaining share of hot asset gain).101 The nondistributee partners (A and B) should also be required to recognize cold asset gain of $20, the amount of unrealized appreciation in the distributed cold asset in excess of C’s total predistribution share of cold asset gain.	cache/ftr-385.pdf	txt/ftr-385.txt