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1 required information the following information applies to the questions...

Question: 1 required information the following information applies to the questions...

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1 Required information The following information applies to the questions displayed below] Travis and Alix Weber are equal partners in the Tralix Partnership, which does not have a § 754 election in place. Alix sells one-half of her interest (25 percent) to Michael Tomei for $38,500 cash. Just before the sale. Alixs basis in her entire partnership interest is $79250, including her $38.500 share of the partnership liabilities. Tralixs assets on the sale date are as follows: Cash Inventory Land held for investment $ 47,650 47,650 38,500 124,ee0 84,250 53,48e Totals $170,400 $225,e5 b. What is Alixs basis in her remaining partnership interest?

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