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What is rhonda ending basis in her partnership interest

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Reference no: EM132174141

Question - Rhonda has a basis of $10,400 in a partnership at the beginning of the year. She receives $15,200 in cash distributions, and her distributive share of income is $4,180.

Is Rhonda required to recognize any gain? If so, how much?

What is Rhonda's ending basis in her partnership interest?

Reference no: EM132174141

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