Needing a little help with this question, please. Carrie purchased a 40% partnership interest for...
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Needing a little help with this question, please.
Carrie purchased a 40% partnership interest for $86,000 in February 2019. Her share of partnership income in 2019 was $44,000, in 2020 was $50,000, and in 2021 was $24,000. She made no additional contributions to, or withdrawals from, the partnership. On December 18, 2021, Carrie sold her partnership interest for $206,000. What is her gain or loss on the sale of her partnership interest?
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