What is partner d basis in the distributed property, Accounting Basics

What is partner d basis in the distributed property

Question: GHI Partnership distributes property with a fair market value of $100,000 and an adjusted basis of $60,000 to Partner D as a non-liquidating distribution. Partner D's basis in the partnership interest before the distribution is $150,000. What is Partner D's basis in the distributed property and the remaining basis in the partnership interest after the distribution?

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Accounting Basics: What is partner d basis in the distributed property

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