Carlos Has a Basis in His Partnership Interest of $30,000

question 50

Multiple Choice

Carlos has a basis in his partnership interest of $30,000. He receives a current distribution of $6,000 cash, unrealized receivables (FMV $11,000, basis $10,000) , inventory (FMV $8,000, basis $4,000) , land held as an investment (FMV $7,000, basis, $6,000) , and building (FMV $21,000, basis $9,000) . The partners' relative interests in the Sec. 751 assets do not change as a result of the current distribution. Carlos's basis in the building is

• A) $6,000.
• B) $9,000.
• C) $7,500.
• D) $2,500.

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques, without necessarily seeking insights into their causes.

Gestalt Therapy

A form of psychotherapy that emphasizes personal responsibility and focuses on the individual's experience in the present moment, the therapist-client relationship, the environmental and social contexts of a person's life, and the self-regulating adjustments people make as a result of their overall situation.

Psychiatrists

Medical doctors specialized in the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.

Biological Treatments

Medical interventions that address the biological aspects of mental disorders, such as medication or neurosurgery.