Ziggy outside basis in ZZZ Partnership is $70,000 right before he received a proportionate nonliquidating distribution consisting

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Ziggy outside basis in ZZZ Partnership is $70,000 right before he received a proportionate nonliquidating distribution consisting of farmland with a basis of $80,000 and a fair market value of $100,000 and inventory with a basis of $60,000 and a fair market value of $70,000. After the distribution what is Ziggy's basis

Posted Date: May 18, 2024 10:12 AM

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Ziggy outside basis in ZZZ Partnership is $70,000 right before he received a proportionate nonliquidating distribution consisting

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