Daniela is a 25 percent partner in the JRD Partnership. On January 1, JRD makes a proportionate liquidating distribution of $20,000 cash and inventory with a $15,000 fair value (inside basis $5,000) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $21,000. What is the amount and character of Daniela's gain or loss from the distribution?

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Step-by-step explanation:

Daniela will not recognize any gain or loss on the distribution. She will just have to reduce the basis of the inventory she receives in complete liquidation of her interest.

No gain or loss shall be recognized to a partnership on a distribution to a partner of property, this also includes money considering the 26 US code 731

answer: i'm not going to give you the answer, but some hints to work it out.

step-by-step explanation: so, if there is a straight line that means that the line angle is 180°. so we subtract the 2 angle measures provided, (15 and 38) from 180. so the answer is 180 - (38 + 15). (you have to solve the equation)

plz yuo

step-by-step explanation: