The topic to this one is related to tax. It is about "partnership formation and operation"

Formation of a Partnership. Suzanne and Bob form the SB General Partnership as equal partners. They make the following contributions: The SB Partnership assumes the $80,000 recourse mortgage on the building that Bob contributes, and the partners share the economic risk of loss on the mortgage equally. Bob has claimed $40,000 in straight-line depreciation under the MACRS rules on the building. Suzanne is a stockbroker and contributed securities from her inventory. The partnership will hold them as an investment. What amount and character of gain or loss must each partner recognize on the formation of the partnership? What is each partner's basis in his or her partnership interest? What is the partnership's basis in each asset? What is the partnership's initial book value of each asset? The partnership holds the securities for two years and then sells them for $20,000. What amount and character of gain must the partnership and each partner report