Three years ago, Melissa contributed land to a partnership….

Three yeаrs аgо, Melissа cоntributed land tо a partnership. Her basis in the land then was $5,000, and its fair value was $9,000. This year, the land is distributed to Sean, another partner in the partnership. Melissa and Sean each have a 50 percent capital and profits interest in the partnership. The land's fair value is $12,000 when it's distributed. (Assume none of the precontribution gain has been previously recognized.)   [question 2 of 2] If Sean's outside basis is $14,000 prior to the distribution, what is his beginning basis in the distributed property?