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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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Kenneth contributed property in exchange for an interest in a partnership. At the time of the contribution, the adjusted basis of $ and a fair market value FMV of $ Three years later, the partnership sold the p unrelated party for $ What is the amount of builtin gain for which Kenneth will be taxed as a result of th
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