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Title: Ted King's basis for his interest in the Troy Partnership is $24,000. In complete liquidation of ... Post by: Mandarini on Feb 14, 2017 Ted King's basis for his interest in the Troy Partnership is $24,000. In complete liquidation of his interest, King receives cash of $4,000 and real property (not a Sec. 751 asset) having an FMV of $40,000. Troy's adjusted basis for this realty is $15,000. Section 736 does not apply. King's basis for this realty is
A) $15,000. B) $20,000. C) $36,000. D) $40,000. Title: Re: Ted King's basis for his interest in the Troy Partnership is $24,000. In complete liquidation ... Post by: strwbrry on Feb 14, 2017 Content hidden
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