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Victoria is a 50 percent partner in vr partners what is

Question - Victoria is a 50 percent partner in VR Partners. Her partnership tax basis is $28,000 on December 31 when she receives a current distribution of property with a partnership tax basis $25,000 and a fair market value of $46,000. What is Victoria's tax basis in the distributed property?

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Accounting Basics: Victoria is a 50 percent partner in vr partners what is

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