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32 of 75. Julian was a general partner in Imperial Enterprises. When his outside basis...

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Accounting

32 of 75. Julian was a general partner in Imperial Enterprises. When his outside basis was $30,000, Julian received a liquidating distribution of $20,000 plus a car. The partnership's adjusted basis in the car was $9,000, and its fair market value at the time of distribution was $11,000. What is Julian's basis in the car? {:[$8","000],[$9","000],[$10","000]:} $11,000

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