Jean and paul are equal partners in the jampp partnership, Financial Accounting

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Jean and paul are equal partners in the jampp partnership

Jean and Paul are equal partners in the J&P Partnership. On December 30 of the current year, the partnership agrees to liquidate Jean's partnership interest, starting this December 30th and for the following four years.

What tax issues should Jean and Paul consider with respect to this contemplated transaction?

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Financial Accounting: Jean and paul are equal partners in the jampp partnership

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Financial Accounting: Jean and paul are equal partners in the jampp partnership

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