Berdine has a basis of $203,000 in her partnership interest and receives land with an adjusted basis to the partnership of $487,200 in termination of her interest. Assume the partnership holds no ot assets and the entire payment is a 5 736(b) payment with the tax treatment determined under the proportionate liquidating distribution rules. a. What is Berdine's basis in the distributed land? b. If an optional 5 754 adjustment-to-basis election is in effect, by what amount does the partnership adjust the basis of its remaining property? if that adjustment is allocated to depreciable property, to whom does the partnership allocate the resulting depreciation deductions?

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Hi, can someone help me with this question please?

Tyler and Sarah  formed the equal TS Partnership on January 1 of the current year. A contributed $100,000 of cash and land with a fair market value of $112,500 and an adjusted basis of $93,750. Sarah contributed equipment with a fair market value of S212,500 and an adjusted basis of $25,000. Sarah had used the equipment in his sole proprietorship. Compute the following: Tyler's gain realized: 212,500 Sarah's gain realized: 212,500 Tylers's gain recognized: 118,750 Sarah's gain recognized: TS's gain recognized: Tyler's basis in his partnership interest: Sarah's basis in his partnership interest:

Haresh

A and B formed the equal AB Partnership on January 1 of the current year. A contributed $100,000 ofcash and land with a fair market value of $112,500 and an adjusted basis of $93,750. B contributedequipment with a fair market value of $212,500 and an adjusted basis of $25,000. B had used theequipment in his sole proprietorship.Compute the following: B’s gain recognized__________________________ AB’s gain recognized__________________________ A’s basis in his partnership interest__________________________ B’s basis in his partnership interest__________________________

For purposes of the election to defer Federal estate tax payments relative to an interest in a closely held business, an interest in a closely held business does not include: Oa. A16% intemst in a partnership that has 36 partners Ob. A10% interest in a partnership that har 48 partoers Oc. A 22 temst in a partnership that has 50 parthers Od. A sole preprietorship

Partnership(taxation) Assume that all partnership interests expressed as percentages are those percentages of both profits/losses and capital. Assume that all liabilities are recourse. a) Three individuals, C, D, and E, form CDE LLC. CDE LLC does not "check the box" to become a corporation and therefore is treated as a partnership for tax purposes. C contributes land, AB 70 FMV 100 and cash of 20. D contributes inventory (in the hands of both D and CDE), AB 50 FMV 120. E contributes services. In exchange, each partner receives a 1/3 interest in the LLC. What are the consequences to all of the parties? (b) Same as (a) except that C's land is subject to an assumable mortgage of 30 and has a FMV of 130

Hh1. Account

a. What are the amount and character of Megan's recognized gain or loss? b. What is Megan's basis in the distributed assets? c. What are the amount and character of Matthew's recognized gain or loss? d. What is Matthew's basis in the distributed assets?