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Basil has a a basis in her partnership interest of $24,000 and receives a distribution in complete liquidation of her interest of $18,000 in cash.

Basil has a a basis in her partnership interest of $24,000 and receives a distribution in complete liquidation of her interest of $18,000 in cash. The adjustment made by the partnership to its remaining assets if the Optional Basis Adjustment election is in effect is:

-$6,000 increase

-$10,000 decrease

-$6,000 decrease

-$10,000 increase

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