Chapter 20 Exercises Betty Contributes the following to ABC Partnership for a 40% interest: . Cash $50,000 Land FMV $100,000 Adjusted basis $50,000 Mortgage $40,000 Prior to the contribution, ABC has a $200,000 nonrecourse bank loan. What is Betty's outside basis? Betty Contributes the following to ABC Partnership for a 40% interest: 2, . Cash $50,000 Land FMV $100,000 Adjusted basis $50,000 . Mortgage $60,000 Prior to the contribution, ABC has a $200,000 nonrecourse bank loan. What is Betty's outside basis? 3, Betty Contributes the following to ABC Partnership for a 40% interest: . Cash $50,000 Land FMV $200,000 Adjusted basis $50,000 Mortgage S150,000 x YO. Prior to the contribution, ABC has a $10,000 nonrecourse bank loan. What is Betty's outside basis