What is the amount of ds proportionate share of inside basis

Reference no: EM133611017

Question: Asset Inside Basis Book Value Partner Outside Basis Book Value Cash 200 200 A 25 100 Property 25 100 B 100 100 C 100 100 Total 225 300 225 300 A contributed the Property when its basis was 25 and its FMV was 100. B and C each contributed 100 cash. C sells his or her interest to D for $100, and the partnership makes the Sec. 754 election. What is the amount of D's proportionate share of Inside Basis?

Reference no: EM133611017

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