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Business, 27.07.2021 18:30 Naysa150724
Anderson's basis in the SBF Partnership is $80,000. Anderson received a nonliquidating distribution of $50,000 cash, and land with an adjusted basis of $40,000 and a fair market value of $50,000. What is Anderson's basis in the land?
a. $50,000.
b. $40,000.
c. $30,000.
d. $20,000.
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