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2. PR.10-04 Problem 10-4 Partnership Formation (LO 10.2) Nan contributes property with an adjusted basis of $50,000 to a partnership. The property has a fair

2. PR.10-04 Problem 10-4 Partnership Formation (LO 10.2) Nan contributes property with an adjusted basis of $50,000 to a partnership. The property has a fair market value of $60,000 on the date of the contribution. What is the partnership's basis in the property contributed by Nan? $

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