Business, 01.12.2020 16:40 genyjoannerubiera

Melissa, Nicole, and Ben are equal partners in the Opto Partnership (calendar year-end). Melissa decides she wants to exit the partnership and receives a proportionate distribution to liquidate her partnership interest on January 1. The partnership has no liabilities and holds the following assets as of January 1: Tax Basis FMV
Cash $18,810 $18,810
Accounts receivable 0 25,080
Stock investment 8,040 13,350
Land 32,700 41,400
Totals $59,550 $98,640
Melissa receives one-third of each of the partnership assets She has a basis in her partnership interest of $26,755. (Leave no answer blank. Enter zero if applicable.)
What is Melissa's basis in the distributed assets? (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

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Melissa, Nicole, and Ben are equal partners in the Opto Partnership (calendar year-end). Melissa dec...

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