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Mindy 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

Mindy 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 Mindy's recognized gain or loss from the sale of her partnership interest? $15,000 $20,000 $40,000 $45,000

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