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Business, 18.12.2019 23:31 alexiannaa

Justin and lauren are equal partners in the pjenn partnership. the partners formed the partnership seven years ago by contributing cash. prior to any distributions, the partners have the following bases in their partnership interests: (leave no answer blank. enter zero if appplicable.)

partner outside basis
justin $ 25,325
lauren $ 25,325

on december 31 of the current year, the partnership makes a pro rata operating distribution of:

partner distribution
justin cash $ 29,275
lauren cash $ 20,850
property $ 8,425 (fmv) ($3,045 basis to partnership)

what is lauren’s remaining basis in her partnership interest?

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Answers: 1

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