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Mirabelle contributed land with a $5,000 basis and a $9,000 FMV to MS Partnership four years ago. This year the land is distributed to Sergio, another partner in the partnership. At the time of distribution, the land had a $12,000 FMV. What is the impact of the distribution on Mirabelle's partnership basis?
Remorse
A deep feeling of regret or guilt for a wrong committed.
Anorexia Nervosa
An eating disorder characterized by an obsessive fear of gaining weight and a refusal to maintain a healthy body weight.
Impulsive
Acting on spontaneous desires and feelings without considering the consequences or the appropriateness of the action.
Eating Disorders
Severe disturbances in eating behavior characterized by preoccupation with weight and unhealthy efforts to control weight.
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