Betty contributes the following to ABC Partnership for 25% interest: (Partner's beginning outside basis with contributions into partnership for)

Cash $20000

Building

200000 FMV

160000 Adjusted basis

180000 Non recourse mortgage

Prior to the contribution ABC has $60000 of accounts payable (nonrecourse liability) and a 100000 recourse bank loan listing the existing partners by name

a) What is Betty's outside basis in her partnership interest before debt relief?

b) What is Betty's outside basis in her partnership interest?

c) What is ABC's basis in the building?

d) What is Betty's inside basis in ABC's new building?