The RST partnership makes a pro rata distribution of its assets to R in complete liquidation of R's partnership interest. The distribution is 20000 cash and capital assets with basis to the partnership of 15000 and fmv of 30000. At the time of the distribution R's partnership basis is 40000 (which she paid 1 year ago). If the partnership has NO section 754 election what is R's basis in the distributed property?

No sect 732 adjustment R's basis in capital assets = 15000, 20000, 35000 or 40000