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Carlos has a basis in his partnership interest of $30,000. He receives a current distribution of $6,000 cash, unrealized receivables (FMV $11,000, basis $10,000) , inventory (FMV $8,000, basis $4,000) , land held as an investment (FMV $7,000, basis, $6,000) , and building (FMV $21,000, basis $9,000) . The partners' relative interests in the Sec. 751 assets do not change as a result of the current distribution. Carlos's basis in the building is
Sense of Self
The perception and awareness an individual has of themselves as a distinct entity, including their thoughts, personality, and feelings.
Disadvantaged Children
Children who face greater physical, economic, social, or emotional challenges than their peers, affecting their development and opportunities.
Preschool Program
An educational initiative or curriculum designed for young children before they enter compulsory schooling, typically aimed at early development in various domains.
Long-Term Outcomes
The results or effects that occur over an extended period, often used to evaluate the effectiveness or impact of interventions or life events.
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