(Solution) - In 2004 RAD Partnership was organized by 3 equal partners -(2025 Original AI-Free Solution)

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In 2004, RAD Partnership was organized by 3 equal partners: 2 individuals (Rachael and Adam) and Depesh Corporation. On November 3, 2002, RAD Partnership purchases 18,000 shares of qualified small business stock in Miltown Corporation for $36,000. On December 2, 2011, RAD sells all of the Miltown Corporation stock for $180,000. Rachael, Adam, and Depesh Corporation each have a net capital loss from other transactions of $20,000. What are the tax implications of the sale for:
a. RAD Partnership
b. Adam
c. Depesh Corporation