What capital loss will recognize on the liquidation, Accounting Standards

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What capital loss will recognize on the liquidation

Response to the following problem:

Alejandro is a member of a partnership and has a basis of $50,000. In a liquidating distribution, he receives cash of $15,000 and unrealized receivables of $30,000. Alejandro takes a zero basis in the unrealized receivables. What capital loss will Alejandro recognize on the liquidation?

Note the amount and explain, in language a business person who is not an accountant would understand, why this is the case.

Response should be 4 pages, APA format, include introduction and conclusion, 3 references.

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Accounting Standards: What capital loss will recognize on the liquidation

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Accounting Standards: What capital loss will recognize on the liquidation

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