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1 0 . Partner A contributed property with NBV of $ 5 0 0 K and FMV of $ 7 0 0 K for 2

10 .

Partner A contributed property with NBV of $

500

K and FMV of $

700

K for

20 %

of Partnership ABC. After

3

years, the property is sold for $

800

.

What amount of gain is attributed to Partner A

?

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