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Henry contributes cash of $100,000 and Juanita contributes property with an adjusted basis of $75,000...

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Accounting

Henry contributes cash of $100,000 and Juanita contributes property with an adjusted basis of $75,000 and a fair market value of $100,000. Henry and Juanita are equal partners. They split profits and losses equally. The partnership earns an income of $200,000, which is allocated evenly in accordance with the partnership agreement. Each partner receives a distribution of $50,000. What is Juanitas basis in her partnership interest (her outside basis) after all of these transactions? a. $25,000 b. $75,000 c. $100,000 d. $125,000 e. $175,000

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