Melissa, Nicole, and Ben are equal partners in the Opto Partnership (calendar year-end). Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January 1. The partnership has no liabilities and holds the following assets as of January 1: Tax Basis FMV
Cash $ 18,000 $ 18,000 Accounts receivable 0 24,000 Stock investment 7,500 12,000 Land 30,000 36,000 Totals $ 55,500 $ 90,000
Melissa receives one-third of each of the partnership assets. She has a basis in her partnership interest of $25,000. (Leave no answer blank. Enter zero if applicable.)
What is Melissa's basis in the distributed assets? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)