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Cindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000.she was relieved of her $25,000 share of partnership liabilities.
Cindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000.she was relieved of her $25,000 share of partnership liabilities. What is Cindys realized value from the sake of her partnership interest?
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