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The BAM Partnership distributed the following assets to partner Barbie in a proportionate nonliquidating distribution:
$10,000 cash, land parcel A (basis of $5,000, fair market value of $30,000) and land parcel B (basis of $25,000, fair market value of $30,000). Barbie's basis in her partnership interest was $40,000 immediately before the distribution. Barbie will allocate a basis of $15,000 each to the two land parcels, and her basis in her partnership interest will be reduced to $0.
T-table
A table used in statistics to determine critical values for the t-distribution, useful for hypothesis testing or setting confidence intervals.
Degrees Of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution or a system without violating any constraint.
F Table
A chart used in statistics that provides critical values for the F-distribution, helpful in analyzing variances by comparing the ratio of two sets of data.
Degrees Of Freedom
The number of independent values in a statistical calculation that can vary without violating the calculation's constraints.
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