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Bob receives a proportionate, current (nonliquidating) distribution from the BBB Partnership. The distribution consists of $30,000 cash and a machine with an adjusted basis to
Bob receives a proportionate, current (nonliquidating) distribution from the BBB Partnership. The distribution consists of $30,000 cash and a machine with an adjusted basis to the partnership of $34,000 and a fair market value of $50,000. Immediately before the distribution, Bobs adjusted basis for her partnership interest is $45,000. Bobs basis in the machine she receives is:
A. $15,000
B. $34,000
C. $45,000
D. $50,000
E. None of the above
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