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Marie's Adjusted Basis in her Partnership Interest in Freddie Partnership was $64,000. In Complete...

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Accounting

Marie's Adjusted Basis in her Partnership Interest in Freddie Partnership was $64,000. In Complete Liquidation of her Interest in Freddie Partnership, Marie received Cash of $50,000 and Investment Land having a Fair Market Value of $12,000 and an Adjusted Basis to the Partnership of $36,000. Marie's basis in the Land is: O $14,000. $64,000. O $12,000. O $36,000.
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Marie's Adjusted Basis in her Partnership interest in Freddie Partnership was $64,000. In Complete Liquidation of her interest in Fredde Partnership, Marie received Cash of \$\$0,000 and Investment Land having a Fair Market Value of \$12,000 and an Adjusted Basis to the Partnership of \$36,000. Marie's basis in the Land is: $14,000 $64,000. $12,000. $36,000

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