Question: true or false: Carl emails with a question about the tax treatment of a possible sale of his interest in the CVE Software Partnership in

true or false: Carl emails with a question about the tax treatment of a possible sale of his interest in the CVE Software Partnership in Los Angeles. In the sale of a partnership interest, a selling partner will recognize ordinary income (rather than capital gain) when the partnership assets include cash and land held for five years as an investment.

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