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Sabrina Has a $12,000 Basis in Her S&B Partnership Interest

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Sabrina has a $12,000 basis in her S&B partnership interest.Sabrina receives a current cash distribution of $10,000 and equipment with a $5,000 basis (FMV $6,000) .What is Sabrina's basis in the equipment received?


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The process of ensuring that a set of activities and outputs meets an organization's goals in an effective and efficient manner.

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Activities and programs designed to enhance the skills, knowledge, and competencies of employees or individuals.

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Organizational approaches that integrate strategies, work processes, and employee involvement to improve productivity and effectiveness.

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