Question: Fatima pays $ 2 0 3 , 0 0 0 cash for Brittany's one - third interest in the Westlake Partnership. Just prior to the

Fatima pays $203,000 cash for Brittany's one-third interest in the Westlake Partnership. Just prior to the sale, Brittany's basis in Westlake is $98,800. Westlake reports the following balance sheet. What is Fatima;s basis in her partnership interest? What is Fatima's inside basis?

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