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Nataliya contributed property with a basis of $80,000 and a value of $90,000 to the NR Partnership in exchange for a 30% interest in partnership
Nataliya contributed property with a basis of $80,000 and a value of $90,000 to the NR Partnership in exchange for a 30% interest in partnership capital and profits. During the first year of partnership operations, NR had net loss of $20,000. The partnership distributed $15,000 cash to Nataliya. Nataliya's adjusted basis (outside basis) for her partnership interest at year-end is:
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