Question: In 2009, RAD Partnership was organized by three equal partners: 2 individuals (Rachael and Adam) and Depesh Corporation. On January 10, 2009, RAD Partnership purchases

In 2009, RAD Partnership was organized by three equal partners: 2 individuals (Rachael and Adam) and Depesh Corporation. On January 10, 2009, RAD Partnership purchases 18,000 shares of qualified small business stock in Miltown Corporation for $36,000. On December 2, 2016, RAD sells all of the Miltown Corporation stock for $180,000. Rachael, Adam and Depesh Corporation each have a net capital loss from other transactions of $20,000. What are the tax implications of the sale for:
a. RAD Partnership
b. Rachael
c. Adam
d. Depesh Corporation

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