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Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $21,000 cash, inventory with a $20,400 fair value (inside basis $10,200), and accounts receivable with a fair value of $10,200 (inside basis of $15,300) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $25,300. What is Daniela's basis in the distributed inventory and accounts receivable
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Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes a proportionate dist...
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