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Sue and Donna form the equal SD partnership by contributing the following: Basis FMV Liability Sue Prop. 1 $70,000 $250,000 $240,000 Donna Prop. 2
Sue and Donna form the equal SD partnership by contributing the following: Basis FMV Liability Sue Prop. 1 $70,000 $250,000 $240,000 Donna Prop. 2 $120,000 $60,000 $40,000 Do either of them recognize a gain? If so, how much gain? What are Sue and Donna's bases in the partnership after the contribution? Edit View Insert Format Tools Table 12pt Paragraph BIU A T
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