Lou??s outside basis = $35,000. He gets a distribution of $7,000cash, accounts receivable with a zero basis to the partnership, andland with a basis to

Louâ??s outside basis = $35,000. He gets a distribution of $7,000cash, accounts receivable with a zero basis to the partnership, andland with a basis to the partnership of $18,000. Louâ??s basis in 2 answers