GHI Partnership distributes property with a fair market value of $100,000 and an adjusted basis of $60,000

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GHI Partnership distributes property with a fair market value of $100,000 and an adjusted basis of $60,000 to Partner D as a non-liquidating distribution. Partner D's basis in the partnership interest before the distribution is $150,000. What is Partner D's basis in the distributed property and the remaining basis in the partnership interest after the distribution

Posted Date: May 18, 2024 10:03 AM

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GHI Partnership distributes property with a fair market value of $100,000 and an adjusted basis of $60,000

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