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Nan contributes property with an adjusted basis of $132,300 to a partnership. The property has a fair market value of $211,680 on the date of
Nan contributes property with an adjusted basis of $132,300 to a partnership. The property has a fair market value of $211,680 on the date of the contribution.
What is the partnership’s basis in the property contributed by Nan?
$_______________
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Income Tax Fundamentals 2016
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
34th Edition
1305664485, 978-1337343527, 1337343528, 978-1305664487
