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30-05-2023
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.Kennedy LLC was formed in year 1. It distributes property to all members at the end of years 18 and 19. One member retires at the end of year 19, selling the interest to the other members. Identify the liquidating distribution:

Select one:

a. The year 18 distribution.

b. The year 19 distribution.

c. There is no liquidating distribution

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