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What issues should anna and ashley consider before this sale

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Anna owns a 60% interest in a general partnership-The Aero Partnership-which she sells to the 2 remaining partners-Janet and Ashley. The 3 partners have agreed that Anna will receive $135,000 in cash from the sale. Anna's basis in the partnership interest before the sale is $108,000, which includes her $27,000 share of partnership recourse liabilities. The partnership has assets with a $270,000 FMV and a $180,000 adjusted basis.

What issues should Anna, Janet, and Ashley consider before this sale takes place?

Reference no: EM132380701

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