{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T05:13:02-04:00", "answer_date": "2024-05-27 05:13:02", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1779883", "url": "\/study-help\/questions\/-1779883", "question_creation_date_js": "2024-05-27T05:13:02-04:00", "question_creation_date": "May 27, 2024 05:13 AM", "meta_title": "[Solved] Rufus is a one - quarter partner in the A | SolutionInn", "meta_description": "Answer of - Rufus is a one - quarter partner in the Adventure Partnership. On January 1 of the current year, Adventure distributes | SolutionInn", "meta_keywords": "rufus,one,-,quarter,partner,adventure,partnership,january,1,current,year,distributes", "question_title_h1": "Rufus is a one - quarter partner in the Adventure Partnership. On January 1 of the current year, Adventure distributes $ 1 3 , 0", "question_title": "Rufus is a one - quarter partner in the Adventure Partnership. On", "question_title_for_js_snippet": "Rufus is a one quarter partner in the Adventure Partnership On January 1 of the current year, Adventure distributes $ 1 3 , 0 0 0 cash to Rufus in complete liquidation of his interest Adventure has only capital assets and no liabilities at the date of the distribution Rufus's basis in his partnership interest is $ 1 8 , 5 0 0 a What are the amount and character of Rufus's recognized gain or loss b What are the amount and character of Adventure's recognized gain or loss c If Rufus's basis is $ 1 0 , 0 0 0 at the distribution date rather than $ 1 8 , 5 0 0 , what are the amount and character of Rufus's recognized gain or loss ", "question_description": "