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Adam and Alyssa are equal partners in the PartiPilo Partnership. The partners formed the partnership three years ago by contributing cash. Prior to any
Adam and Alyssa are equal partners in the PartiPilo Partnership. The partners formed the partnership three years ago by contributing cash. Prior to any distributions, the partners have the following bases in their partnership interests: Partner Outside Basis $ 15,100 Adam Alyssa $ 15,100 On December 31 of the current year, the partnership makes a pro rata operating distribution of: Partner Distribution Adam Alyssa Cash $ 19,200 Cash $ 8,050 Property $ 11,150 (FMV) ($8,850 basis to partnership) (Leave no answer blank. Enter zero if applicable.) d. What is Alyssa's basis in the distributed assets? Basis in cash Basis in property
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