Question: Problem 2 1 - 3 7 ( LO 2 1 - 1 ) ( Static ) Skip to question [ The following information applies to

Problem 21-37(LO 21-1)(Static)
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Travis and Alix Weber are equal partners in the Tralix Partnership, which does not have a 754 election in place. Alix sells one-half of her interest (25 percent) to Michael Tomei for $30,000 cash. Just before the sale, Alix's basis in her entire partnership interest is $75,000, including her $30,000 share of the partnership liabilities. Tralix's assets on the sale date are as follows:
Tax BasisFMVCash$ 40,000$ 40,000Inventory30,00090,000Land held for investment80,00050,000Totals$ 150,000$ 180,000
Problem 21-37 Part b (Static)
b. What is Alix's basis in her remaining partnership interest?

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