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What is the difference in treatment when an incoming partner purchases an interest by agreeing to perform services for the partnership and the partnership (1)
What is the difference in treatment when an incoming partner purchases an interest by agreeing to perform services for the partnership and the partnership (1) gives a 25% interest in the capital of the partnership, (2) gives a 25% interest in the future income of the partnership, or (3) gives a 25% interest in the partnership's future income which the incoming partner must forfeit if the partnership, as reconstituted after the incoming partner's admission, is unable to earn an average of $100,000 profit for the ensuing five years
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