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2- Ron and Willie form the equal RW Partnership. Ron contributes land that he owned as an investment for 2 years with a fair
2- Ron and Willie form the equal RW Partnership. Ron contributes land that he owned as an investment for 2 years with a fair market value of $50,000 and adjusted basis of $60,000. Willie contributes a truck that she owned as inventory for 6 months with a fair market value of $50,000 and adjusted basis of $35,000. Immediately after the transaction, what holding period does Willie have in her partnership interest and does RW have in the truck? Willie O None O 6 months O 6 months O None RW 6 months None 6 months None
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