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Partners A,B, and C form the ABC partnership. Each partner contributes the following property and receives the following interest: After contribution, Partner A will have

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Partners A,B, and C form the ABC partnership. Each partner contributes the following property and receives the following interest: After contribution, Partner A will have a basis of Blank 1 in his/her partnership interest, a Sec 704(b) book capital account of Blank 2 and will recognize a gain of Blank 3. After contribution, Partner B will have a basis of Blank 4 in his/her partnership interest, a Sec 704(b) book capital account of Blank 5 and will recognize a gain of Blank 6. After contribution, Partner C will have a basis of Blank 7 in his/her partnership interest, a Sec 704(b) book capital account of Blank 8 and will recognize a gain of Blank 9. Partners A,B, and C form the ABC partnership. Each partner contributes the following property and receives the following interest: After contribution, Partner A will have a basis of Blank 1 in his/her partnership interest, a Sec 704(b) book capital account of Blank 2 and will recognize a gain of Blank 3. After contribution, Partner B will have a basis of Blank 4 in his/her partnership interest, a Sec 704(b) book capital account of Blank 5 and will recognize a gain of Blank 6. After contribution, Partner C will have a basis of Blank 7 in his/her partnership interest, a Sec 704(b) book capital account of Blank 8 and will recognize a gain of Blank 9

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