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The JIH Partnership distributed the following assets to partner James in a proportionate liquidating distribution in which the partnership also liquidated: $25,000 cash, land parcel A basis of $5,000, fair market value of $30,000) and land parcel B basis of $5,000, fair market value of $15,000). James's basis in his partnership interest was $85,000 immediately before the distribution. James will allocate bases of $40,000 to parcel A and $20,000 to parcel B, and he will have no remaining basis in his partnership interest.
Assessment
The systematic process of evaluating the various aspects of a project, service, or facility to determine their significance, value, or condition at a given point in time.
Prenatal Visits
Scheduled medical appointments during pregnancy intended to monitor the health of the mother and developing fetus, and to provide guidance and education.
Obstetrician
A medical doctor specializing in the care of pregnant women, from prenatal care through childbirth and postpartum period.
Pregnant
The state of carrying developing offspring within the body after conception.
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