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Kim has a basis in her partnership interest of $15,000 when she receives a distribution from the partnership of $7,500 cash and equipment with a

Kim has a basis in her partnership interest of $15,000 when she receives a distribution from the partnership of $7,500 cash and equipment with a basis of $10,250($15,375fmv)

A. How much gain or loss must Kim recognize on the distribution?

B. What is Kim's ending partnership basis?

C.what is Kim's basis in equipment?

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