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He received nonliquidating distribution of 20000 cash and

Question - The adjusted basis of Fraser's partnership interest was 29000. He received (nonliquidating) distribution of 20000 cash and property with an adjusted basis to the partnership of 15000. What is Fraser's basis in this property?

a. 15000

b. 14500

c. 9000

d.0

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Accounting Basics: He received nonliquidating distribution of 20000 cash and

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Accounting Basics: He received nonliquidating distribution of 20000 cash and

Reference No:- TGS02562183

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