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Jestion 36 of 75. Miles received a current distribution of property. His outside basis in the partnership was less than the partnership's adjusted basis in
Jestion 36 of 75. Miles received a current distribution of property. His outside basis in the partnership was less than the partnership's adjusted basis in the property. His adjusted basis in the distributed property will: Be the same as the partnership's adjusted basis just before the distribution. Include any gain recognized in the distribution. O Be the same as the FMV of the property. Be the same as his outside basis in the partnership just before the distribution. Mark for follow up Jestion 36 of 75. Miles received a current distribution of property. His outside basis in the partnership was less than the partnership's adjusted basis in the property. His adjusted basis in the distributed property will: Be the same as the partnership's adjusted basis just before the distribution. Include any gain recognized in the distribution. O Be the same as the FMV of the property. Be the same as his outside basis in the partnership just before the distribution. Mark for follow up
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