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Gertrude contributes an office & its loan balance to Star Wars Partnership. Kendra contributes a hotel & its loan balance to Star Wars Partnership. Gertrude's
Gertrude contributes an office & its loan balance to Star Wars Partnership. Kendra contributes a hotel & its loan balance to Star Wars Partnership. Gertrude's Original Asset (Office): $4,500,000 FMV $8,100,000 Basis $ 900,000 Loan Balance Kendra's Original Asset (Hotel): $4,500,000 FMV $ 900,000 Basis $3,600,000 Loan Balance Note: write losses as a negative number; write percentages with the "%" sign (e.g., 0.17 --> 17%)] What is Gertrude's [A] and Kendra's [B] capital interest percentage? What is Gertrude's [C] and Kendra's [D] realized gain (loss)? What is Gertrude's [E] and Kendra's [F] recognized gain (loss)? What is Gertrude's [G] and Kendra's [H] outside basis in their partnership interest? What is Star Wars Partnership's total iside basis in the office [I] and the hotel [J]
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