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Christy contributes land ( FMV = $ 5 0 , 0 0 0 , basis = $ 3 0 , 0 0 0 ) to
Christy contributes land FMV $ basis $ to the ABC partnership, and four years later gets a distribution that was not assured at the time of the original contribution of another piece of land FMV $ basis $ Her basis in the partnership interest immediately before the distribution is only $ Assume that she has not contributed any more properties to the partnership, so her net precontribution gain is still $the unrealized appreciation on the property she contributed and has been for four years. What will be her basis in the partnership after the distribution?
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