Final answer:
A partner's bases in the distributed assets will be less than or equal to the partnership's bases in the assets. option b
Step-by-step explanation:
The statement that is true concerning a partner's basis in assets (other than money) distributed in an operating distribution is option b. A partner's bases in the distributed assets will be less than or equal to the partnership's bases in the assets.
When a partner receives assets in a distribution, their basis in those assets is generally the same as the partnership's basis in those assets at the time of the distribution. However, there are certain limitations that can reduce a partner's basis, such as deficit capital accounts or the partner's share of partnership liabilities.
It is important to note that a partner's basis in the distributed assets cannot exceed the partnership's basis in those assets. Option b