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Jon and Ben form the cash-basis JB Partnership. Joncontributes land with a basis of $250,000 and a fair market of $300,000. Ben contributes land with

Jon and Ben form the cash-basis JB Partnership. Joncontributes land with a basis of $250,000 and a fair market of $300,000. Ben contributes land with an adjusted basis of $80,000 and a fair market val...

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