Susan Contributed Land with a Basis of $6,000 and an FMV

question 17

Multiple Choice

Susan contributed land with a basis of $6,000 and an FMV of $10,000 to the SH Partnership two years ago to acquire her partnership interest. This year, the land is distributed to Harry when its FMV is $11,000. No other distributions have been made since Susan became a partner. When the land is distributed, the partnership's basis in the land immediately before distribution is increased by

• A)$0.
• B)$1,000.
• C)$4,000.
• D)$5,000.

Recognize the implications of landlord's failure to maintain a safe and habitable property.

Identify the rights and duties of landlords and tenants regarding property maintenance and repair.

Understand the concept and legal consequences of constructive eviction.

Learn the legal requirements for the termination of tenancies and the responsibilities of both landlords and tenants in such scenarios.

---

Definitions:

Optical Illusions

Visual phenomena where the perception of reality is distorted, causing the observer to see something different from the actual object or scene.

Vision

The sense that allows the perception of shapes, colors, and depth through the processing of light by the eyes and brain.

Experiences

Events or occurrences which leave an impression on someone.

Children

Young human beings who are not yet adults, often defined as persons under the age of 18 years.