Business, 11.12.2019 20:31 Lollipop1287

Rebecca has a $40,000 basis in her partnership interest when she receives liquidating distributions from the partnership. she receives cash of $24,000 and equipment with a $12,000 basis to the partnership. what are the tax consequences of the liquidating distributions to rebecca?

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Rebecca has a $40,000 basis in her partnership interest when she receives liquidating distributions...

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