Question: How would Barry's tax result differ if , instead, BDD distributed $ 9 0 , 0 0 0 of its cash in liquidation of Barry's
How would Barry's tax result differ if instead, BDD distributed $ of its cash in liquidation of Barry's interest with the remaining partners assuming Barry's share of partnership debt Why is this result different from Barrys result when the interest is sold? The LLCs operating agreement does not address payment of goodwill to the partner.
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