Kyle Carter received a 34% capital and profit (loss) interest in Smart Limited Partnership (LP). In exchange for this interest, Kyle contributed a building with an FMV of $18,000. His adjusted basis in the building was $8,600. In addition, the building was encumbered with a $5,200 nonrecourse mortgage that Smart LP assumed at the time the property was contributed. What is Kyle's outside basis immediately after his contribution? $12,100$5,168$13,800$3,960