Anne received a liquidating distribution consisting of property with a fair market value (FMV) of $60,000 and

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Anne received a liquidating distribution consisting of property with a fair market value (FMV) of $60,000 and cash of $13,000. The property had an adjusted basis to the partnership of $42,000. Anne's adjusted basis in the partnership interest immediately before the distribution was $70,000

Posted Date: May 18, 2024 10:14 PM

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Anne received a liquidating distribution consisting of property with a fair market value (FMV) of $60,000 and

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