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51 . Reconsider the facts in problem 49 . Assume the partnership distributed one - third of the accounts receivable and property 2 to Karen

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51 . Reconsider the facts in problem 49 . Assume the partnership distributed one - third of the accounts receivable and property 2 to Karen in complete liquidation of his interest in the partnership . a . Will Section 751 ( b) apply to the distribution ? ` How much pain will Karen recognize and what will be its character

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