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Kim has a basis in her partnership interest of $13,800 when she receives a distribution from the partnership of $6,900 cash and equipment with a

Kim has a basis in her partnership interest of $13,800 when she receives a distribution from the partnership of $6,900 cash and equipment with a basis of $9,350 ($14,025 FMV).

  1. How much gain or loss must Kim recognize on the distribution?
  2. What is Kim's ending partnership basis?
  3. What is Kim's basis in the equipment?

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