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miles received a current distribution of property. His outside basis in the partnership was less than the partnership's adjusted basis in the property. His adjusted
miles received a current distribution of property. His outside basis in the partnership was less than the partnership's adjusted basis in the property. His adjusted basis in the distributed property will: A be the same as the partnership adjusted basis just before distribution B include any gain recognized in the distribution C be the same as the FMV of the property D be the same as his outside basis in the partnership just before the distribution
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