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A partner receives the following in a liquidating distribution: Basis FMV Cash $ 1 2 , 0 0 0 $ 1 2 , 0 0
A partner receives the following in a liquidating distribution:
Basis FMV
Cash $ $
Accounts receivable AR
Land
The partner's basis in the partnership immediately prior to the distribution is $ What is the patner's basis in the AR and the land immeidately after the liquidating distribution?
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