the end of last year, June, a 30% partner in the four-person BJJM Partnership, had an outside basis of $75,000 in the including a $60,000 share of partnership debt. June's share of the partnership's 1245 recapture potential was $40,000. All parties use Identify the income tax consequences to June in each of the following independent situations that take place in the current year a. Ori the first day of the tax year, June sells her partnership interest to Marilyn for $120,000 cash and the assumption by Marilyn of 145,000 X, consisting of a capital gain of A pa