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The adjusted basis of a taxpayer's partnership interest was $50,000 immediately before receiving a current distribution of $20,000 cash and property with an adjusted basis

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The adjusted basis of a taxpayer's partnership interest was $50,000 immediately before receiving a current distribution of $20,000 cash and property with an adjusted basis to the partnership of $40,000 and a fair market value of $35,000. What amount of taxable gain must the taxpayer report as a result of this distribution? A. $0 B. $5,000 C. $10,000 D. $20,000

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