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Stephanie receives a proportionate nonliquidating distribution from the QRS Partnership. The distribution consists of $60,000 cash and property with an adjusted basis to the partnership of $30,000 and a fair market value of $25,000. Immediately before the distribution, Stephanie's adjusted basis for her partnership interest is $80,000. Stephanie's basis in the noncash property received is:

A. $30,000

B. $15,000

C. $25,000

D. $20,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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