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On November 30, Teri received a current distribution of cash of $4,000, marketable securities with a basis of $24,000 and an FMV of $30,000, and inventory with a basis of $2,000 and an FMV of $6,000. Prior to the distribution, Teri's basis in her interest in the partnership was $30,000. (There is no Sec. 751 exchange as a result of the distribution.)How much gain (if any)must Teri recognize as a result of the distribution?
Bloodborne Pathogens Standard
Regulatory standards set by OSHA to protect workers from health hazards caused by bloodborne pathogens.
Proper Disposal
The act of discarding waste or unwanted materials in a manner that complies with environmental and safety regulations.
Coughs
Reflex actions to clear the throat or airway of mucus, irritants, fluids, or foreign particles.
Orange-red Symbol
An emblem or sign characterized by an orange-red color, which could represent danger, caution, or specific entities depending on context.
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