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Fenster contributes property with a value of $ 1 0 0 , 0 0 0 and a basis of $ 6 0 , 0 0
Fenster contributes property with a value of $ and a basis of $ to a partnership. One month after this contribution, the partnership makes a special distribution of $ to Fenster.
Assuming disguised sale treatment, what will be the partnership\'s basis in that property after applying those rules?
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In the scenario you described Fenster contributes property with a value of 100000 and a basis of 600...
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
