ahanitafariGls9 ahanitafariGls9

26-03-2017
Business

contestada

Susan, a 1/3 partner, has an adjusted basis of $90,000 for her partnership interest. if susan sells her entire partnership interest to emma for $100,000 cash, what is the amount and character of susan's gain or loss from the sale?

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Aliwohaish12 Aliwohaish12

26-03-2017

10000 capital loss; 20000 ordinary income

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