17. Lou??s outside basis = $35,000. He gets a distribution of$7,000 cash, accounts receivable with a zero basis to thepartnership, and land with a basis

17. Louâ??s outside basis = $35,000. He gets a distribution of$7,000 cash, accounts receivable with a zero basis to thepartnership, and land with a basis to the partnership of $18,000.Louâ??s basis 2 answers