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Cindy sold her interest in a partnership fir $30,000 cash when her outside basis was $12,000. She was telieved of het $20,000 share of partnetship
Cindy sold her interest in a partnership fir $30,000 cash when her outside basis was $12,000. She was telieved of het $20,000 share of partnetship luabilities What is Cinys tecognized gain or liss from the sale of her partnership interest?
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