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Sue has contributed cash to a partnership of $ 5 0 , 0 0 0 . The partnership had $ 5 0 0 , 0
Sue has contributed cash to a partnership of $ The partnership had $ of taxable income and Sue was a partner. In total the partnership has of nonrecourse debt. Sue sells her partnership interest to Don for $ plus Don assumed the partnerships liabilities allocable to Sue. How much gainloss does sue have on the sale of her interest?
Sue has contributed cash to a partnership of $ The partnership had $ of taxable income and Sue was a partner. In total the partnership has of nonrecourse debt. Sue sells her partnership interest to Don for $ plus Don assumed the partnerships liabilities allocable to Sue. How much gainloss does sue have on the sale of her interest?
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