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Lindee owns a 7 0 % interest in the capital and profits of Royalty Inc. ( a partnership. Jacob owns the other 3 0 %
Lindee owns a interest in the capital and profits of Royalty Inc. a partnership. Jacob owns the other Her basis in her partnership interest is $ In a proportionate distribution, Lindee receives land with an inside basis of $ and fair market value of $ The partnership is not liquidating. What is Lindee's remaining outside basis in Royalty Inc. after receiving this distribution?
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$
Some other amount
$
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