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Seth and Tim formed ST Partnership (50% / 50%) by contributing: Seth Tim Asset Cash Land FMV $10,000 $10,000 Basis $10,000 $6,000 What is STs
- Seth and Tim formed ST Partnership (50% / 50%) by contributing:
Seth Tim
Asset Cash Land
FMV $10,000 $10,000
Basis $10,000 $6,000
- What is STs basis in the land? __________________
- What is Seths inside basis in the land? __________________
- What is Tims inside basis in the land? __________________
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Low Income Housing Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
978-1304135087
