Mikaere's basis in the Jimsoo Partnership is $

$5$

$6$

$,$

$0$

$0$

$0$

$.$

$$In a proportionate liquidating distribution, Mikaere receives cash of $

$7$

$,$

$6$

$0$

$0$

$$and two capital assets:

$($

$1$

$)$

$$Land A with a fair market value of $

$2$

$1$

$,$

$2$

$0$

$0$

$$and a basis to Jimsoo of $

$1$

$6$

$,$

$9$

$0$

$0$

$,$

$$and

$($

$2$

$)$

$$Land B with a fair market value of $

$1$

$0$

$,$

$4$

$5$

$0$

$$and a basis to Jimsoo of $

$1$

$6$

$,$

$9$

$0$

$0$

$.$

$$Jimsoo has no liabilities.

b

$.$

$$What is Mikaere's basis in the distributed assets?Mikaere's basis in the Jimsoo Partnership is $

$5$

$6$

$,$

$0$

$0$

$0$

$.$

$$In a proportionate liquidating distribution, Mikaere receives cash of $

$7$

$,$

$6$

$0$

$0$

$$and two capital assets:

$($

$1$

$)$

$$Land A with a fair market value of $

$2$

$1$

$,$

$2$

$0$

$0$

$$and a basis to Jimsoo of $

$1$

$6$

$,$

$9$

$0$

$0$

$,$

$$and

$($

$2$

$)$

$$Land B with a fair market value of $

$1$

$0$

$,$

$4$

$5$

$0$

$$and a basis to Jimsoo of $

$1$

$6$

$,$

$9$

$0$

$0$

$.$

$$Jimsoo has no liabilities.

b

$.$

$$What is Mikaere's basis in the distributed assets?