Travis and Alix Weber are equal partners in the Tralix Partnership, which does not have a 754 election in place. Alix sells one-half of her interest (25 percent) to Michael Tomei for $39,500 cash. Just before the sale, Alixs basis in her entire partnership interest is $79,750, including her $39,500 share of the partnership liabilities. Tralixs assets on the sale date are as follows:

		Tax Basis		FMV
Cash	$	48,550		$	48,550
Inventory		39,500			128,000
Land held for investment		84,750			53,800
Totals	$	172,800		$	230,350

b. What is Alixs basis in her remaining partnership interest?

Basis:

c. What is Michaels basis in his partnership interest?

Basis: