Question: On April 1 8 , 2 0 X 8 , Robert sold his 3 5 percent partnership interest in Fruit Wonder, LLC , to Richard

On April 18,20X8, Robert sold his 35 percent partnership interest in Fruit Wonder, LLC, to Richard for $129,000. Prior to selling his interest, Robert had a basis in Fruit Wonder of $89,000. Robert's basis included $14,000 of recourse debt and $24,000 of nonrecourse debt that had been allocated to him. Immediately after the purchase, what is Richard's tax basis in Fruit Wonder?
On April 1 8 , 2 0 X 8 , Robert sold his 3 5

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