Question
91. Betty contributes $5,000 cash, her personal car with a fair market value of $10,000 and a basis of $23,000, and business equipment with a
91. Betty contributes $5,000 cash, her personal car with a fair market value of $10,000 and a basis of $23,000, and business equipment with a fair market value of $100,000
and a basis of $150,000 to ABC partnership in return for a partnership interest. What is Bettys outside basis in her partnership interest?
A. $178,000
B. $115,000
C. $175,000
D. $165,000
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The Access Audit Handbook An Inclusive Approach To Auditing Buildings
Authors: Centre For Accessible Environments
3rd Edition
1914124839, 978-1914124839
