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VashaNatasha [74]
3 years ago
10

Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in

a proportionate current distribution, cash of $25,000, cash basis receivables with an inside basis of $0 and a fair market value of $16,000, and land with a basis and fair market value to the partnership of $80,000.
How much is Pablo’s realized and recognized gain on the distribution?

Business
1 answer:
Galina-37 [17]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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The value of a cash budget is that it helps you predict and supply your future cash needs.
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3 years ago
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14.48%

Explanation:

The capital gains yield on the investment is increase in share price divided by the initial price paid to acquire the share a year ago.

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total return =P1-Po+D/Po

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7 0
3 years ago
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