Question
hallie, Lauryn, canee formed, hl&c, and general partnership, a equal partners, hallie contributed 55,000 cash, Lauryn contributed $25,000 cash and property with adjusted basis of
hallie, Lauryn, canee formed, hl&c, and general partnership, a equal partners, hallie contributed 55,000 cash, Lauryn contributed $25,000 cash and property with adjusted basis of $25,000 & a FMV of $35,000. came contributed property of adjusted basis of $43,000 & FMV of $55,000. The partnership made $90,000 in ordinary income . What is hallie ending tax Capitol account?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
978-0132805667
