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Justin and Lauren are equal partners in the Penn Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions,

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Justin and Lauren are equal partners in the Penn Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions, the partners have the following bases in their partnership interests: (Leave no answer blank. Enter zero if appplicable.) Partner Justin Lauren Outside Basis $ 23,750 $ 23,750 On December 31 of the current year, the partnership makes a pro rata (proportionate) operating distribution of Partner Distribution Justin Cash $27,250 Lauren Cash $19,500 Property 5 7.750 (FHV) (52,550 basis to partnership) d. What is Lauren's basis in the distributed assets? Basis in cash Basis in property

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