Susan Contributed Land with a Basis of $6,000 and an FMV

question 83

Multiple Choice

Susan contributed land with a basis of $6,000 and an FMV of $10,000 to the SH Partnership two years ago to acquire her partnership interest. This year, the land is distributed to Harry when its FMV is $11,000. No other distributions have been made since Susan became a partner. When the land is distributed, the partnership's basis in the land immediately before distribution is increased by

• A) $4,000.
• B) $5,000.
• C) $1,000.
• D) $0.

---

Definitions:

Personal Schedule

An individual’s plan that outlines their appointments, tasks, and activities over a certain period, typically organized in calendars or planning apps.

Recurring Appointment

An appointment that occurs repeatedly on a regular schedule in calendar or scheduling software.

Meeting Request

A meeting request is a digital invitation sent through an email or calendar application, proposing a specific time and place for a meeting.

E-mail Message Icon

A graphical representation used to denote an email message in digital interfaces.