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Q 1 4 . Before a distribution, Nancy has a $ 2 0 0 , 0 0 0 basis in the EB Partnership. She receives

Q14. Before a distribution, Nancy has a $200,000 basis in the EB Partnership. She receives a proportionate current distribution of land with a basis to EB of $80,000(value of $120,000) and inventory with a basis of $50,000(value of $70,000). What are the new bases for the land and inventory Nancy receives?

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