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What is kim ending partnership basis

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Reference no: EM132174052

Question - Kim has a basis in her partnership interest of $15,600 when she receives a distribution from the partnership of $7,800 cash and equipment with a basis of $10,700 ($16,050 FMV).

How much gain or loss must Kim recognize on the distribution?

What is Kim's ending partnership basis?

What is Kim's basis in the equipment?

Reference no: EM132174052

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