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Benny is a partner in the BEN partnership.His outside basis is $250. He receives a...

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Accounting

Benny is a partner in the BEN partnership.His outside basis is $250. He receives a distribution of land worth $400 which has a basis inside the partnership of $130.

a)Is the distribution taxable to Benny?If not, why not?

b)What is Bennys outside basis after the distribution?

c)Assume this was a non-liquidating distribution.What is Bennys basis in the land?

d)Assume this was a liquidating distribution, what is Bennys basis in the land after the distribution?

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