IVIISna receives a proportionate nonliquidating distribution when the basis of her partnership
interest is $60,000. The distribution consists of $80,000 cash and inventory (adjusted basis to the
partnership of $10,000, fair market value of $20,000 ). How much gain or loss does Misha
recognize, and what is her basis in the distributed inventory and in her partnership interest
folloviing the distribution? Edit View Insert Format Tools Table 12pt Paragraph basis in partnership
interest $60,000 - cash received and inventory $80,000 =20,000 basis.
IVIISna receives a proportionate nonliquidating distribution.pdf
1. IVIISna receives a proportionate nonliquidating distribution when the basis of her partnership
interest is $60,000. The distribution consists of $80,000 cash and inventory (adjusted basis to the
partnership of $10,000, fair market value of $20,000 ). How much gain or loss does Misha
recognize, and what is her basis in the distributed inventory and in her partnership interest
folloviing the distribution? Edit View Insert Format Tools Table 12pt Paragraph basis in partnership
interest $60,000 - cash received and inventory $80,000 =20,000 basis
