Business, 28.12.2019 03:31, aidan0824

Mindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000. she was relieved of her $25,000 share of partnership liabilities. what is mindy's recognized gain or loss from the sale of her partnership interest? a. $15,000 b. $20,000 c. $40,000 d. $45,000

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Mindy sold her interest in a partnership for $20,000 cash when her outside basis was $5,000. she was...