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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
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 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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