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Question 2 of 6 . Kenneth contributed property in exchange for an interest in a partnership. At the time of the contribution, the adjusted basis

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Question 2 of 6.
Kenneth contributed property in exchange for an interest in a partnership. At the time of the contribution, the adjusted basis of $10,000 and a fair market value (FMV) of $18,500. Three years later, the partnership sold the p unrelated party for $19,000. What is the amount of built-in gain for which Kenneth will be taxed as a result of th
50
58,500
$9,000
$10,000
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