Marcella has a $65,000 basis in her 50% partnership interest in the JM Partnership before receiving any distributions. This year JM makes a proportionate currentdistribution to Marcella of $10,000 cash and inventory with an $80,000 fair value and a $40,000 basis to JM. What is Marcella's basis in the inventory and her remaining basis inJM after the distribution? A) $40,000 inventory basis, $0 JM basis. B) $80,000 inventory basis, $15,000 JM basis. C) $40,000 inventory basis, $15,000 JM basis. D) $80,000 inventory basis, $0 JM basis.
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