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Required information [The following information applies to the questions displayed below.] Bill contributed investment property worth $705,000, purchased Four years ago for $430,000 cash, to

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Required information [The following information applies to the questions displayed below.] Bill contributed investment property worth $705,000, purchased Four years ago for $430,000 cash, to Star LLC (taxed as a partnership) in exchange for an 85 percent profits and capital interest in the LLC. Star owes $525,000 to its suppliers (nonrecourse debt) but has no other debts. e. What is Star's inside basis in the contributed property? Bass

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