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Title: Rod owns a 65% interest in the RRR Partnership, a general partnership, which he sells to the two ... Post by: Mandarini on Feb 14, 2017 Rod owns a 65% interest in the RRR Partnership, a general partnership, which he sells to the two remaining partners — Roger and Regis. The three partners have agreed that Rod will receive $160,000 in cash from the sale. Rod's basis in the partnership interest before the sale is $125,000, which includes his $35,000 share of partnership recourse liabilities. The partnership has assets with a $310,000 FMV and a $210,000 adjusted basis. What issues should Rod, Roger, and Regis consider before this sale takes place?
Title: Re: Rod owns a 65% interest in the RRR Partnership, a general partnership, which he sells to the two ... Post by: strwbrry on Feb 14, 2017 Content hidden
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