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Return to que 19 ! Part 4 of 5 Required information [The following information applies to the questions displayed below] Justin and Lauren are equal

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Return to que 19 ! Part 4 of 5 Required information [The following information applies to the questions displayed below] Justin and Lauren are equal partners in the PJenn Partnership. The partners formed the partnership seven years ago by contributing cash Prior to any distributions, the partners have the following bases in their partnership Interests 0.28 points Partner Justin Lauren Outside Basis $ 22,700 5 22,700 On December 31 of the current year, the partnership makes a pro rata operating distribution of Partner Justin Lauren Distribution Cash $ 25,900 Cash 5 18,600 Property $ 7,300 (FMV) ($2,220 basis to partnership) (Leave no answer blank. Enter zero if applicable.) d. What is Lauren's basis in the distributed assets? Answer is complete but not entirely correct. Basis in cash $ 7300 X Basis in property S 3,000

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