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What is her gain or loss on the sale of her partnership

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Question - Carrie purchased a 40% partnership interest for $86,000 in February 2016. Her share of partnership income in 2016 was $44,000, in 2017 was $50,000, and in 2018 was $24,000. She made no additional contributions to, or withdrawals from, the partnership. On December 18, 2018, Carrie sold her partnership interest for $206,000. What is her gain or loss on the sale of her partnership interest?

Reference no: EM132609855

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