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Questions #1 through #6 FACTS: A and B decide to form a pa rtnership, Part. I. A contributes SIDE-D in cash. B contributes Asset #1

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Questions #1 through #6 FACTS: A and B decide to form a pa rtnership, Part. I. A contributes SIDE-D in cash. B contributes Asset #1 with a value of $1ooo, and an adjusted basis of $25G. B has a two-vear holding period in Asset #1. In return for their capital contributions, each oh! and B received partnership interests equal in value to their respective equity:r in Pa rt. Z. How much gain must El recognize! if any? What is 3'5 outside basis In his partnership interest in Part. 2? What is B's capital account balance in Part: after the contribution? What is #5 capital account balance in Part. 2 after the contribution? What is Part. Z's inside basis in Asset #1? What is Part. Z's holding period in Asset #1? F'P'FPE'J

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