Question: Pablo has a $ 1 4 1 , 8 0 0 basis in his partnership interest. On May 9 of the current tax year, the

Pablo has a $141,800 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate current distribution, cash of $56,720, cash basis receivables with an inside basis of $0 and a fair market value of $35,450, and land with a basis and fair market value to the partnership of $184,340.

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