Matt receives a proportionate nonliquidating distribution Horneychat com
The distribution consists of ,000 cash and property with an adjusted basis to the partnership of ,000 and a fair market value of ,000.
Immediately before the distribution, Stephanie’s adjusted basis for her partnership interest is ,000.
matt receives a proportionate nonliquidating distribution. At the beginning of the partnership he basis of his partnership interest is 000.
The partnership distributes a ,000 year-end cash bonus to all the partners.Emma’s basis in her partnership interest was ,000 immediately before the distribution.
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