Question: Daniela is a 25% partner in the JRD Partnership. On January 1, JRD distributes $17,500 cash, inventory with a $22,400 fair value (inside basis $11,200),

Daniela is a 25% partner in the JRD Partnership. On January 1, JRD distributes $17,500 cash, inventory with a $22,400 fair value (inside basis $11,200), and accounts receivable with a fair value of $11,200 (inside basis of $16,800) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in JRD is $19,600.

What is Daniela's basis in the distributed inventory and accounts receivable?

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