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Nancy's basis was $ in the EB Partnership interest just before she received a proportionate current ( nonliquidating ) distribution consisting of land held for
Nancy's basis was $ in the EB Partnership interest just before she received a proportionate current nonliquidating distribution consisting of land held for investment basis of $ fair market value of $ and inventory basis of $ fair market value of $ After the distribution, Nancy's bases in the received assets are, respectively:
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