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A Partnership makes an operating distribution to Becky consisting of $20,000 in cash and investments with a fair market value of $32,000 ($21,000 partnership basis).
A Partnership makes an operating distribution to Becky consisting of $20,000 in cash and investments with a fair market value of $32,000 ($21,000 partnership basis). Immediately prior to the distribution, Becky's outside basis in the partnership was $33,500. What is Beck's outside basis in his partnership interest and basis in the investments right after the distribution
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