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16. Distributions. (Obj. 4) AB partnership distributes $52,000 to one of its partners, Alice. a. What are the tax consequences of the distribution if Alice's
16. Distributions. (Obj. 4) AB partnership distributes $52,000 to one of its partners, Alice. a. What are the tax consequences of the distribution if Alice's basis in AB partnership is $45,000 immediately before the distribution? b. How, if at all, would your answer to Part a. change if Alice's basis was $60,000 (instead of $45,000)
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