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5 . S . Pippin transferred equipment with an adjusted basis of $ 1 0 5 , 0 0 0 and a fair market value

5 .

.

Pippin transferred equipment with an adjusted basis of $

105, 000

and a fair market value of $

155, 000

for a

40 %

interest in P

.

Jackson Coaching, LLP

.

Determine S

.

Pippin

s basis in the partnership interest and P

.

Jackson Coaching

s basis in the equipment.

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