19 of 54 (28 complete This Test: 100 pts pe Arn transfers to atto a partnership in separate transactions land with a 530 000 dusted basis and a 5110 000 FMV in exchange for a 10% interest in the partnership 1. Amachine with a $55.000 djusted basis and a 530 000 FMV The partnership is a note for 530,000 as consideration for the exchange (Acumen han partes interest Explain whether Ann recognizes gain or lows for other or both of these transaction, and docuts the roman for any oference in tax beatment OA Ann recognizes alm) 500,000 gain for amaction and recognizes a 325 000 stranacions According Bec 121, the transfer of property in exchange for a parenterades a sale of property OB. And recognizes to gain or love for ansaction but recognize a 325.000 fot transaction. Accordingle Sec 11 no gain for a tocopted on the translar atroperty in orcharpe turlent than a dos pership Here Tradion bis treated as a sale of property because she did not receive a partir OC. An recopis na generous for the action at transaction to According to Dec 121.a font is recognized on the gry change for patient action de la ander of property in charge for a partnership became the recente OD. A prices open for den berecognizsa 85.000 es formation According c.771, no pan en base a ecognised on the transfer of property in exchange for a partnershiperont Transaction is dat de property because the dece interest Cock to select your news