In general, gain or loss recognized on sale of an interest in a partnership is classified as

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In general, gain or loss recognized on sale of an interest in a partnership is classified as capital gain or loss. Why?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

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

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Question Posted: Feb 27, 2024 03:05 AM

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In general, gain or loss recognized on sale of an interest in a partnership is classified as capital gain or loss. Why?
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CCH Federal Taxation Basic Principles 2020

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