Business
Business, 07.05.2021 01:00, kiki3002

The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $84,600. The asset now has an adjusted basis of $50,760 and a market value of $101,520. The partnership has no other potential hot assets. Ambroz sells his 25% interest in the partnership. How much ordinary income does Ambroz recognize when he sells this partnership interest

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