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Heidi and Teresa are equal partners in the HT Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions, the partners each have a $50,000 basis in their partnership interests. On December 31, the partnership makes a pro rata operating distribution to Heidi of $60,000 cash. What is the amount and character of Heidi's recognized gain or loss? What is Heidi's remaining basis in HT?
Morphemes
The smallest grammatical units in a language that carry meaning.
Smallest Meaningful Units
Refers to morphemes, the minimal units of meaning in a language.
Morphemes
The smallest units of meaning in a language, which can be words themselves or parts of words.
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