When Magdalena’s outside basis is $58,000, she receives a liquidating distribution of $15,000 cash and a proportionate share of inventory having a partnership basis of $20,000 and a fair market value of $24,000. The distribution results in a liquidation of both the partnership and her interest.

a. How much is Magdalena’s basis in the inventory received?
Magdalena’s basis in the inventory $ and her unutilized outside basis is $.

b. What is the amount of any gain or loss recognized on the liquidation?
She has a recognized a capital loss of $ on the liquidation.

Answerelectronic networks;

The first step to solve this is to move the constant to the right side of the expression and change its sign3x > 3 - 2.4subtract the numbers on the right side of the expression3x > 0.6lastly,, divide both sides of the inequality by 3 to get your final answer.x > 0.2this means that the correct answer to your question is x > 0.2.let me know if you have any further questions: )

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