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Margot is a one-third partner in Federal Partners. Her tax basis in her partnership interest is $25,000. She received a distribution of real estate in

Margot is a one-third partner in Federal Partners. Her tax basis in her partnership interest is $25,000. She received a distribution of real estate in a non-liquidating distribution from the partnership. The real estate had a tax basis to the partnership of$20,000 and a fair market value of $50,000. The partnership had no liabilities or hot assets. What will be Margots tax basis in the real property received from the partnership?

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