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Jane O'Neil owns a 50% interest in partnership J&B. She contributes a computer system with a FMV of $15,000 and an adjusted basis of $10,000

Jane O'Neil owns a 50% interest in partnership J&B. She contributes a computer system with a FMV of $15,000 and an adjusted basis of $10,000 to the partnership. The partnership's basis in the comp...

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