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all one question When Donald Duck retired from his partnership on December 31, he received in full payment for his interest in the partnership, which

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When Donald Duck retired from his partnership on December 31, he received in full payment for his interest in the partnership, which had an adjusted basis to him of $45.000, the following chis proportionate share Basis to Partnership Fair Market Value Cash $35,000 $35,000 Unrealized receivables 3,000 15,000 Investment land Cash $35.000 $35.000 Unrealized receivables 3,000 15,000 Investment land 12,000 50,000 His bases for the receivables and land are: O Receivables. $3,000, land: $7,000 O Receivables. $3,000, land: $15,000 Receivables: $15,000; land: $12,000 DANUB16. n. dann 15.000

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