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Her amount "at risk" under §Â 465 is 0,000 (before deduction of any of the passive losses).She also has ,000 of passive income from other sources.How much gain or loss will Joseph recognize on the distribution, and what basis will he take in the safe?
Silver's adjusted basis in the land immediately before the distribution is ,000. Sydney is a partner in the Lime Partnership, which is not publicly traded.
The partnership distributed ,000 cash to Juliet.