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. Jamie bought a 20% partnership share by giving $250,000 cash and a land with a basis of $350,000 and FMV of $450,000. Several years
. Jamie bought a 20% partnership share by giving $250,000 cash and a land with a basis of $350,000 and FMV of $450,000. Several years later, the partnership sold the land to an unrelated party for $...
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