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Daniela Is a 25percent Partner in the JRD Partnership

question 43

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Daniela is a 25percent partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000) , and accounts receivable with a fair value of $8,000 (inside basis of $0) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $21,000. What is Daniela's basis in the distributed inventory and accounts receivable?


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A genetic condition characterized by a lack of melanin pigment in the skin, hair, and eyes, leading to light coloring and increased sensitivity to the sun.

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