Business
Business, 24.06.2019 09:00, adellbakarralus232

Barbara receives a current distribution consisting of $2,000 cash plus other property with an adjusted basis to the partnership of $2,300 and a fair market value on the date of the distribution of $7,000. barbara has a 10 percent interest in the partnership and her basis in her partnership interest, immediately prior to the distribution, is $5,000. what is barbara's basis in the noncash property received in the current distribution?

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