partner j of the lbj partnership died during the year and js interest was inherited...
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Partner J of the LBJ Partnership died during the year and Js interest was inherited by her spouse, Clem. LBJ was a service partnership. The fair market value of Js interest at death was $100,000 but that included Js share of $60,000 of unrealized accounts receivable. What is Clems basis in the inherited partnership interest
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