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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?
Albinism
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.
Tachypnea
A condition characterized by abnormally rapid breathing.
Tachycardia
A condition characterized by an abnormally fast heart rate, typically more than 100 beats per minute in adults.
Connective
Referring to connective tissue, which supports, binds together, and protects tissues and organs in the body.
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