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Elliott and Anne are each 4 0 % partners in the XYZ Partnership. On February 1 , 2 0 2 3 . Elliott sold his
Elliott and Anne are each partners in the XYZ Partnership. On February Elliott sold his interest to Tamara, who was already a partner. On April Anne sold her interest to Justin. When does the partnership terminate for tax purpose?
February
April
December
The partnership does not terminate.
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