help!!! 19. $25,00 recelved a cutrent proportionate distribution consisting of partnership...
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19. $25,00 recelved a cutrent proportionate distribution consisting of partnership inventory with a basis of $22,500 and a FMV or $31,000. Allison's basis in her partnership interest before the distribution was it: How much gain or loss must Allison recognize because of this distribution? b+ What basis will Allison take in the inventory, and what will her basis be in the Parthership? c. How would the answer change if Allison's pre-distribution basis has been $29,000 ? d. Whithin the first will be the tax consequences to Allison if she sells the inventory for $30. Wher above)
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