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Return to questiorn Reqfrea iHrrfatin [The following information applles to the questions displayed below Travis and Alix Weber are equal partners in the Tralix Partnership,
Return to questiorn Reqfrea iHrrfatin [The following information applles to the questions displayed below Travis and Alix Weber are equal partners in the Tralix Partnership, which doe$ not have a 754 election in place. Alix sells one-half of her interest (25 percent) to Michael Tomei for $32,000 cash. Just before the sale, Alix's basis in her entire partnership interest is $77,400, including her $32,000 share of the partnership liabilities. Tralix's assets on the sale date are as follows Part 2 of 4 Tax Basis FMV 1.05 points Cash Inventory Land held for investment Totals $41,800 $ 41,890 32,088 98,888 81,000 50,808 $154,80e $190, 69e Skipped b. What is Alix's basis in her remaining partnership interest? Answer is not complete SIS
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