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Maddie is a partner in M&M Partnership. Her outside basis is $182,500, when she receives a liquidating distribution of $45,625 cash and a proportionate share
Maddie is a partner in M&M Partnership. Her outside basis is $182,500, when she receives a liquidating distribution of $45,625 cash and a proportionate share of inventory having a partnership basis of $63,875 and a fair market value of $73,000. The distribution results in a liquidation of both the partnership and her interest. What is Maddie's basis in the inventory received
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