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Ruth owns a sixty five percent (65%) interested in the JR Partnership. Ruth sells lands that she inherited from her mother to the partnership for

Ruth owns a sixty five percent (65%) interested in the JR Partnership. Ruth sells lands that she inherited from her mother to the partnership for 42,000. Ruth had an adjusted basis of 64,000 in the land. Ruth's recognized loss for the sale of the land is A. 42,000 B 64,000 C 0 D 22,000

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