Partnership ABC had the following balance sheets: Asset Inside Basis Book Value Partner Outside Basis Book Value Cash 200 200 A 25 100 Property 25 100 B 100 100 C 100 100 Total 225 300 225 300 A contributed the Property when its basis was 25 and its FMV was 100. B and C each contributed 100 cash. A sells his or her interest to D for $100, and the partnership makes the Sec. 754 election. What is the amount of A's proportionate share of Inside Basis? Select one:

a. 75 

b. 0 

c. 25 

d. 100

Answer rating: 100% (QA)

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