Question: Robert Johnson's outside basis is $15.000, Robert received a liquidating distribution of $11.000 cash and equipment having a partnership basis of $1.000 and a tale
Robert Johnson's outside basis is $15.000, Robert received a liquidating distribution of $11.000 cash and equipment having a partnership basis of $1.000 and a tale marleet value of $10,000 Question: What are the consequences to Robert after the distribution? YOU MUST INDICATE ANY GAIN OR LOSS, ROBERTS BASIS AFTER THE DISTRIBUTION AND THE BASIS OF THE PROPERTY HE RECEIVED Robert Johnson's outside basis is $15.000, Robert received a liquidating distribution of $11.000 cash and equipment having a partnership basis of $1.000 and a tale marleet value of $10,000 Question: What are the consequences to Robert after the distribution? YOU MUST INDICATE ANY GAIN OR LOSS, ROBERTS BASIS AFTER THE DISTRIBUTION AND THE BASIS OF THE PROPERTY HE RECEIVED
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