In a distribution T receives from her partnership a capital

In a distribution, T receives from her partnership a capital asset with a partnership basis of $18,000. If her basis in the partnership is $15,000 and the optional adjustment to basis election is in effect, by what amount will the basis of the partnership\'s remaining assets be increased? A.0 B. $1500 C. $3000 or D. $18,000

Solution

Answer c) $3,000 (18,000 – 15000)

The basis of the partnership\'s remaining assets be increased by $3000 (18,000 – 15000)