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Chris and Lisa form the equal CL Partnership as part of a tax deferred partnership formation. Chris contributes cash of $54,000 and Lisa contributes land

image text in transcribed Chris and Lisa form the equal CL Partnership as part of a tax deferred partnership formation. Chris contributes cash of $54,000 and Lisa contributes land with a fair market value of $54,000 and adjusted basis of $34,000. What is Lisa's basis in her partnership interest? Lisa's basis $

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