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Business, 13.07.2019 02:30 Aaron5795

Marcella has a $65,000 basis in her 50% partnership interest in the jm partnership before receiving any distributions. this year jm makes a proportionate operating distribution to marcella of $10,000 cash and inventory with an $80,000 fair value and a $40,000 basis to jm. what is marcella's basis in the inventory and her remaining basis in jm after the distribution?

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Marcella has a $65,000 basis in her 50% partnership interest in the jm partnership before receiving...
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