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o 12.5: The GHI partnersh has the following balance sheet: Basis $12,000 $48,000 $12,000 $72,000 FMV $12,000 $60,000 $36,000 $108,000 Cash Inventory Land Capital, G

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o 12.5: The GHI partnersh has the following balance sheet: Basis $12,000 $48,000 $12,000 $72,000 FMV $12,000 $60,000 $36,000 $108,000 Cash Inventory Land Capital, G Capital, H Capital, I $24,000 $24,000 $24,000 $72,000 $36,000 $36,000 36,000 $108,000 If partner G gets distributed the land in complete liquidation, what will be the tax effects to G and the partnership

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