Business, 04.01.2021 19:50, jakedoc31

Cindy 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 Cindy's realized value from the sale of her partnership interest?

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