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The following facts will remain the same for all questions this is used on: Mark contributes an Airplane & its loan balance to Southwest Partnership.

The following facts will remain the same for all questions this is used on:
Mark contributes an Airplane & its loan balance to Southwest Partnership.
Martha contributes a Terminal & its loan balance to Southwest Partership.
Marks Original Asset (Airplane):
$1,000,000 FMV
$ 300,000 Basis
$ 900,000 Loan Balance
Marthas Original Asset (Terminal):
$1,000,000 FMV
$ 300,000 Basis
$ 100,000 Loan Balance
What is Mark's outside basis in her Southwest Partnership interest?

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