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

question 4

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 the basis in Tenika's hands of the distributed property?

• A) $6,000
• B) $10,000
• C) $10,125
• D) $9,000

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Definitions:

Assignment Method

A mathematical approach used to allocate resources or tasks to destinations or jobs in the most efficient way possible.

One-To-One Matching

A situation or process where every element of one set is paired with exactly one element of another set, without any leftovers.

Scheduling Technique

Methods used to plan and manage the timing of tasks and activities in a project or operation.

Linear Programming

A mathematical approach aimed at identifying the best possible result within a model characterized by linear relationships.