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HOW DO YOU SOLVE THIS? Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining precontribution gain immediately before receiving
HOW DO YOU SOLVE THIS?
Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining precontribution gain immediately before receiving a current distribution that consisted of $4,000 in money, plastic tubes held in inventory with a $3,000 basis to the partnership and an FMV of $3,375, and drip irrigation pipe held as inventory with a $6,000 basis to the partnership and an FMV of $5,000. What is Tenika's basis for the plastic tubes and drip irrigation pipe? O A. Plastic Tubes Drip Pipe $5,000 Drip Pipe $3,750 Drip Pipe $5,000 Drip Pipe $6,000 $3,375 B. Plastic Tubes $2,250 $3,000 $3,000 C. Plastic Tubes D. Plastic Tubes
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