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2. Yager and Boggs formed Y&B Company in the current year. Yager contributed a building with a fair market value of $97,000, a mortgage of

2. Yager and Boggs formed Y&B Company in the current year. Yager contributed a building with a fair market value of $97,000, a mortgage of $75,000 and an adjusted basis of $50,000 in return for 22...

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