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Denise contributes the following assets to a partnership in exchange for a 25% partnership interest: Cash Office equipment Auto FMV Basis $10,500 $10,500 $ 6,700
Denise contributes the following assets to a partnership in exchange for a 25% partnership interest: Cash Office equipment Auto FMV Basis $10,500 $10,500 $ 6,700 $ 3,200 $13,600 $ 4,400 Required: What is Denise's beginning basis in her partnership interest? Basis in partnership interest
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