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Partnership Formation (LO 10.2) Kele and Nova wish to form theSioux Partnership. Kele contributes property with an adjusted basisof $70,000, a fair market value of

Partnership Formation (LO 10.2) Kele and Nova wish to form theSioux Partnership. Kele contributes property with an adjusted basisof $70,000, a fair market value of $200,000 that is subject to an$80 2 answers

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