[Solved] In 2015, Angel contributes land to a part

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In 2015, Angel contributes land to a partnership ath a basis of $12,000 and a FMV of S22,000 In 2016, when the FMV of the

In 2015, Angel contributes land to a partnership ath a basis of $12,000 and a FMV of S22,000 In 2016, when the FMV of the land is $28,000, the partiership distributes the land to Shela, another partner What is the basis af the land to Shela assuming she has a $40,000 basls In her partnershlp Interest? O $12.000 $22,000 O $28,000

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