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Susan contributed land with a basis of $6,000 and an FMV of $10,000 to the SH Partnership 2 years ago to acquire her partnership interest.
Susan contributed land with a basis of $6,000 and an FMV of $10,000 to the SH Partnership 2 years ago to acquire her partnership interest. This year, the land is distributed to Harry when its FMV is $11,000. No other distributions have been made since Susan became a partner. When the land is distributed, the partnership's basis in the land immediately before distribution is increased by
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