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Kenisha and Shawna form the equal KS LLC, with a cash contribution of $522,000 from Kenisha and a property contribution (adjusted basis of $548,100, fair

Kenisha and Shawna form the equal KS LLC, with a cash contribution of $522,000 from Kenisha and a property contribution (adjusted basis of $548,100, fair market value of $522,000) from Shawna.

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