LO4 In 2003, RAD Partnership was organized by 3 equal partners: 2 individuals

(Rachael and Adam) and Depesh Corporation. On November 3, 2002, RAD Partnership purchases 18,000 shares of qualified small business stock in Miltown Corporation for $36,000. On December 2, 2010, RAD sells all of the Miltown Corporation stock for $180,000. Rachael, Adam, and Depesh Corporation each have a net capital loss from other transactions of $20,000. What are the tax implications of the sale for:

a. RAD Partnership

b. Rachael

c. Adam

d. Depesh Corporation