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In a distribution, T receives from her partnership a capital asset with a partnership basis of $18,000.

In a distribution, T receives from her partnership a capital asset with a partnership basis of $18,000. If her basis in the partnership is $15,000 and the optional adjustment to basis election is in effect, by what amount will the basis of the partnership's remaining assets be increased?


$0

$1,500

$3,000

$18,000

Top Answer

The increase in partnership basis for T distribution is: The... View the full answer

1 comment
  • Thank you
    • TaxStudent
    • Apr 04, 2018 at 11:00pm

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Other Answers

So, 3,000 will be the... View the full answer

2 comments
  • Thank you
    • TaxStudent
    • Apr 05, 2018 at 1:03am
  • you're welcome
    • dinamarcanete
    • Apr 05, 2018 at 1:04am

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