Mule Choice Gerald received a one-third capital and profit loss interest in XYZ Limited Partnership (LP) in exchange for this interest, Gerald contributed a building with an FMV of $24,000 His adjusted basis in the building was $12.000. In addition, the building was encumbered with a $7.200 norvecourse mortgage that XYZ LP assumed at the time the property was contributed What is Gerald's outside basis immediately after his contribution O $4300 $9,200 $800 $2200 Gerald received a one-third capital and profit pose) interest in XYZ Limited Partnership (P) in exchange for this interest, Gerald contributed a building with an FMV of $24.000 His adjusted bass in the building was $12.000. In addition, the building was encumbered with a $7200 nonrecourse mortgage that XYZ LP assumed at the time the property was contributed What is Gerak's outside best immediately after con Mutele Choice O $4.800 $1200 SL000 O $7300