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Enter problem statement appropriate input type, and other instructions here. ABC Corporation and informa general partnership ABC contrutes a building with a fair market value
Enter problem statement appropriate input type, and other instructions here. ABC Corporation and informa general partnership ABC contrutes a building with a fair market value of $ 1,000,000 and a tax ans of $100,000. The partnership iso assume a Decours liability of $400.000 ABC receives a 60 % merest in partnership captal and profits Billy contributes inventory with a fair market value of $400,000 and tax basis of $100,000 for a 40 % Interest in partnership capital and profits What tox basis do ABC and Bay have in their partnership Interests? OA ABC's boss is 50, Billy'shasis is $200,000 OB. ABC' basis is 5000,000. Bey's basis in $400,000 OC ABC's batie is $100,000 Bily's basis $100,000 OD. ABC's boss 540.000. Bisbasis in $200,000
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