22. Museo has a basis in the partnership interest of $ 24,000 when her interest is terminated in a complete liquidation. Museo receives cash of $8,000 and a capital asset with an adjusted basis to the partnership of $6,000 and a fair market value of $18,000. The adjustment made by the partnership to the remaining assets of the optional basis adjustment election is in effect is answer is

$0 $2000 $500 $ 1500 answer is $0 plz explain how

30. Larosa owns a forty percent ( 40%) interest in the Victoria Partnership. Immediately before she received a Nonliquidating distribution from the partnership, Her basis in her partnership interest was $ 45,000. The distribution consisted of $ 60,000 in cash and Lan was an adjusted basis to the partnership of $ 36,000 and a fair Market value of $ 72000. Larosa s basis in the distributed Land is

$0 $36000 $45000 $15000 answer is $ 0 plz explain

31. In 2021, Thames exchanged a parcel of land ( $23,000 Fair market Value and adjusted basis of $ 15,000) for forty percent (40%) interest in a partnership. The partnership uses the land in its business for two years and then sells the land for $ 25,000. Thames share of the Gain Recognized from the sale is

1. $800 2. $ 4000 3. $ 8800 4. $10000 Answer is $8800 plz explain how

33. Tiber and Danube are individual Partners in the TD partnership and share profits and losses equally. Tiber had a basis of $ 15,000 in her Partnership interest before considering her share of the Partnerships $ 44,000 ordinary loss in 2020. In 2021, the partnership reported an ordinary income of $ 24,000. Regarding her partnership ownership. Tiber should report on her 2021 individual federal income tax return ( form 1040 ) income loss of

1.$5000 income 2. $7000 loss 3.$ 12000 income 4. $ 7000 income

answer is $ 5000 income plz explain how