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Susan received a 50% capital and profit (loss) interest in ABC Partnership. In exchange for her interest, Suran contributed a building with an FMV of
Susan received a 50% capital and profit (loss) interest in ABC Partnership. In exchange for her interest, Suran contributed a building with an FMV of $20,000. Her adjusted basis in the building was $13,500. In addition, the building was encumbered with a $8,000 nonrecourse mortgage that ABC Partnership assumed at the time the property was contributed. What is Susan's outside basis immediately after her contribution
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