Gerald received a one-third capital and profits interest in XYZ Limited Partnership LP in exchange for this interest. Gerald contributed a building with a FMV of $23.000. His adjusted basis in the building was SM SOO. In addition, the building was encumbered with a $6.900 nonrecourse mortgage that XYZ, LP assumed at the time the property was contributed. What is Geraids outside basis immediately after this contribution? Multiple Choice 0 $4.500 O $6.900 OSHO 0 $18.400 ation Assignment Help Save Styling Shoes, LLC edits2OX Form 1065 on March 15, 20x9 Styling had twee members with the following ownership interests and tax basis at the beginning of the 20th Jane a member with a 25% profits and capital interest and a $7.500 outside basis ) Joe a member with a 45% profits and capital interest and a $12.500 outside basis, and 3) Jack a member with a 30% profits and painterest and a $4.500 outside basis. The following them were reported on Styling's Schedule for the year ordinary income of $105.000, Section 1231 gain of $17.500, charitable contributions of $27.500, and tax-exempt income of $5.500. In addition, Styling received an additional bank loan of $14.500 during 20XB What is Jane's tax basis after adjustment for her share of these items? M oe Choice $22.625 O O O OL O $26.250 $39.000 $64250