Question: Partner A received the following in a non-liquidating distribution: Basis FMV Cash $20,000 $20,000 Inventory Item 1 $15,000 $18,000 Inventory Item 2 $12,000 $4,000 Capital

Partner A received the following in a non-liquidating distribution:

Basis FMV

Cash $20,000 $20,000

Inventory Item 1 $15,000 $18,000

Inventory Item 2 $12,000 $4,000

Capital Asset 1 $15,000 $8,000

Capital Asset 2 $10,000 $20,000

$72,000 $70,000

Assume As basis in the partnership before the distribution was $35,000. What would the bases of the assets be to A?

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