613davidsegall
Returning Member

Business & farm

 

 

This real estate lessor partnership paid each of  the minority interest partners a redemption (liquidation?) payment and they released their partnership interest.   The partnership paid what I previously described as a buyout payment to the minority partners.  The payment didn't come from the other (majority) partners or third parties.

 

Does that change anything that you've said about the gain being ordinary v capital?