Anjelika sold her interest in a partnership for

$140,000

cash when her outside basis was

$80,000

. This basis includes Anjelika's

$30,000

share of liabilities. In addition to the cash payment, Anjelika was relieved of her

$30,000

share of partnership liabilities. What is Anjelika's gain from the sale of the partnership interest?\

$60,000

\

$90,000

\

$110,000

\

$140,000

Anjelika sold her interest in a partnership for $140,000 cash when her outside basis was $80,000. This basis includes Anjelika's $30,000 share of liabilities. In addition to the cash payment, Anjelika was relieved of her $30,000 share of partnership liabilities. What is Anjelika's gain from the sale of the partnership interest? $60,000 $90,000 $110,000 $140,000 Anjelika sold her interest in a partnership for $140,000 cash when her outside basis was $80,000. This basis includes Anjelika's $30,000 share of liabilities. In addition to the cash payment, Anjelika was relieved of her $30,000 share of partnership liabilities. What is Anjelika's gain from the sale of the partnership interest? $60,000 $90,000 $110,000 $140,000