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Ryan and Taylor form an equal partnership. Ryan contributes cashof $18,000 and property with a fair market value of $125,000, andan adjusted basis of $65,000,

Ryan and Taylor form an equal partnership. Ryan contributes cashof $18,000 and property with a fair market value of $125,000, andan adjusted basis of $65,000, and is subject to a liability of$50,00 2 answers

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