Partner d of the equal def partnership has a basis in her

Reference no: EM13581344

Partner D of the equal DEF partnership has a basis in her partnership interest of $7,000. The partnership distributes property to her with a FMV = $102,000, basis = $90,000, and an associated liability of $72,000. What is her basis in the partnership and the property after the distribution?

Reference no: EM13581344

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