What is Tami ending basis in the partnership

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Question - Tami owns a 40% interest in the partnership profits. She has a $30,000 basis in the partnership before receiving a current distribution. She receives land having a $15,000 basis and a $20,000 FMV. Tami assumes a $10,000 mortgage on the land. What is Tami's ending basis in the partnership?

Reference no: EM133091074

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