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Required information Problem 21-52 (LO 21-4) The following information applies to the questions displayed below Bryce's basis in the Markit Partnership is $59,395. In a
Required information Problem 21-52 (LO 21-4) The following information applies to the questions displayed below Bryce's basis in the Markit Partnership is $59,395. In a proportionate liquidating distribution, Bryce receives the following assets: Tax Basis FMV $ 8,300 8,300 Land A $20,450 $45,675 Land B $20,450 $25,6e0 Cash Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 21-52 Part b b. What is Bryce's basis in the distributed assets? Basis Land A Land B
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