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Greg, Josh, and Robin are equal partners in GJR Partnership. The partnership makes a liquidating distribution to Robin when his outside basis is $65,000. The

Greg, Josh, and Robin are equal partners in GJR Partnership. The partnership makes a liquidating distribution to Robin when his outside basis is $65,000. The distribution consists of his 1/3rd interest in each asset. What is the potential basis adjustment to the partnership if the partnership makes an IRC sections 754 election pursuant to section 734(b)?

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