Cynthia sells her 1/3 interest in the CAR Partnership to Brandon for $95,000 cash. On the date of sale, the partnership balance sheet and agreed-upon fair market values were as follows: If the partnership has a § 754 election in effect, the total "stepup" in basis of partnership assets that will be allocated to Brandon is:

Question

Cynthia sells her 1/3 interest in the CAR Partnership to Brandon for $95,000 cash. On the date of sale, the partnership balance sheet and agreed-upon fair market values were as follows:  If the partnership has a § 754 election in effect, the total "step­up" in basis of partnership assets that will be allocated to Brandon is:

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The Answer of Cynthia sells her 1/3 interest in the CAR Partnership to Brandon for $95,000 cash. On the date of sale, the partnership balance sheet and agreed-upon fair market values were as follows:  If the partnership has a § 754 election in effect, the total "step­up" in basis of partnership assets that will be allocated to Brandon is:

Cynthia Sells Her 1/3 Interest in the CAR Partnership to Brandon