How is a partnership affected for tax purposes when a partner sells his/her interest in the partnership

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How is a partnership affected for tax purposes when a partner sells his/her interest in the partnership to another person? Assume the partnership does not have a Section 754 election in effect and chooses not to make one.

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CCH Federal Taxation 2019 Comprehensive Topics

ISBN: 9780808049081

2019 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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