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44) Which of the following statements is true when property is contributed in exchange for a partnership interest? A. The partnership's inside basis is typically
44) Which of the following statements is true when property is contributed in exchange for a partnership interest? A. The partnership's inside basis is typically increased by any gain the partner recognizes from the property contribution. B. Any contributed property in a partnership has a carryover basis, and the character of the property is determined by the way the contributing partner used the property. C. Services are not allowed to be contributed to a partnership in return for a partnership interest. D. The holding period for a partner's partnership interest depends on the type of assets a partner contributes
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