Partnership Formation, Current Distributions $($LO $10\mathrm{.}2,10\mathrm{.}4)$

Elaine's original basis in the Hornbeam Partnership was $$82,600.$ Her share of the taxable income from the partnership since she purchased the interest has been $$330,400,$ and Elaine has received $$247,800$ in cash distributions from the partnership. Elaine did not recognize any gains as a result of the distributions. In the current year, Hornbeam also allocated $$41,300$ of tax$-$exempt interest to Elaine.

Calculate Elaine's current basis in her partnership interest.

fill in the blank $1$ of $1$$