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accounting entries for sale of partnership interest
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larrycpa1000
Level 1
01-30-2021
03:33 PM
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Partner sells partnership interest representing 50% of a partnership that owns only real estate that has some accumulated depreciation. Does the real estate and accumulated depreciation get adjusted??
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sjrcpa
Level 15
01-30-2021
04:07 PM
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Who did he sell to? Partnership or outside party or one of the other partners?
The more I know, the more I don't know.
