Last December 31, Ramon sold the 10 percent interest in the Del Sol Partnership that...
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Accounting
Last December Ramon sold the percent interest in the Del Sol Partnership that he had held for two years to Garrett for $ Prior to selling his interest, Ramon's basis in Del Sol was $ which included a $ share of nonrecourse liabilities allocated to him. a What is Garrett's tax basis in his partnership interest?
Last December Ramon sold the percent interest in the Del Sol Partnership that he had held for two years to Garrett for $ Prior to selling his interest, Ramon's basis in Del Sol was $ which included a $ share of nonrecourse liabilities allocated to him.
a What is Garrett's tax basis in his partnership interest?
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