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Question 30 of 75 . Elaine and Andy are each 40% partners in the XYZ Partnership. On May 1, 2022, Elaine sold her interest to

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Question 30 of 75 . Elaine and Andy are each 40% partners in the XYZ Partnership. On May 1, 2022, Elaine sold her interest to Tommy, who was already a 20% partner. On May 15, 2022, Andy sold his interest to Jenna. When does the partnership terminate for tax purposes? May 1, 2022. May 15, 2022. December 31, 2022. The partnership does not terminate

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