Question: Currys adjusted basis in Vantage Partnership was $5,000 at the time he received a nonliquidating distribution of land. The land had an adjusted basis of

Curry’s adjusted basis in Vantage Partnership was

$5,000 at the time he received a nonliquidating distribution of land. The land had an adjusted basis of $6,000 and a fair market value of $9,000 to Vantage. What was the amount of Curry’s basis in the land?

a. $9,000

b. $6,000

c. $5,000

d. $1,000

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