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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?
‎August 9, 2019
8:45 AM