Martha receives a proportionate nonliquidatingdistribution of $60,000 cash. At the time of the distribution, her basis in

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Martha receives a proportionate nonliquidatingdistribution of $60,000 cash. At the time of the distribution, her basis in her partnership interest is $45,000. How much gain mustMartha recognize as a result of this distribution?

Options: $60,000.

$45,000.

$15,000.

$0.

Posted Date: May 18, 2024 09:08 AM

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Martha receives a proportionate nonliquidatingdistribution of $60,000 cash. At the time of the distribution, her basis in

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