Exam Question 67 The basis of property (other than cash) distributed by a partnership to a partner in a complete liquidation of the partner's interest should be an amount equal to which of the following? A Adjusted basis of such partner's interest in the partnership, reduced by any cash distributed in the same transaction B Book value of the property C Fair market value of such partner's interest in the partnership, increased by any cash distributed in the same transaction D Fair market value of the property