Tenika Has a $10,000 Basis in Her Interest in the TF

question 13

Multiple Choice

Tenika has a $10,000 basis in her interest in the TF Partnership and no remaining precontribution gain immediately before receiving a current distribution that consisted of $4,000 in money,plastic tubes held in inventory with a $3,000 basis to the partnership and an FMV of $3,375,and drip irrigation pipe held as inventory with a $6,000 basis to the partnership and an FMV of $5,000.What is Tenika's basis for the plastic tubes and drip irrigation pipe?

• A) \[\begin{array} {| l| l | }
• \hline \text { Plastic Tubes } & \text { Drip Pipe } \\
• \hline \$ 3,375 & \$ 5,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { |l| l |}
• \hline\text { Plastic Tubes } & \text { Drip Pipe } \\
• \hline \$ 3,000 & \$ 6,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { |l |l | }
• \hline \text { Plastic Tubes } & \text { Drip Pipe } \\
• \hline \$ 3,000 & \$ 5,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { |l |l | }
• \hline\text { Plastic Tubes } & \text { Drip Pipe } \\
• \hline \$ 2,250 & \$ 3,750 \\
• \hline
• \end{array}\]

---

Definitions:

Cooperate

The act of working or acting together for a common purpose or benefit.

Anonymity

The state of being unknown or unacknowledged in a particular context, allowing individuals to act or communicate without revealing their identity.

Greed

An intense and selfish desire for something, especially wealth, power, or food.

Dangerous Reactions

Responses to events or substances that could lead to harm or adverse effects.