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Title: Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining precontribution ... Post by: safezone on Feb 14, 2017 Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining precontribution gain immediately before receiving a current distribution that consisted of $4,000 in money, plastic tubes held in inventory with a $3,000 basis to the partnership and an FMV of $3,375, and drip irrigation pipe held as inventory with a $6,000 basis to the partnership and an FMV of $5,000. What is Tenika's basis for the plastic tubes and drip irrigation pipe?
A) Plastic Tubes Drip Pipe 3,375 $5,000 B) Plastic Tubes Drip Pipe $3,000 $6,000 C) Plastic Tubes Drip Pipe $3,000 $5,000 D) Plastic Tubes Drip Pipe $2,250 $3,750 Title: Re: Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining ... Post by: Rimoun on Feb 14, 2017 Content hidden
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