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When ABC General Partnership was formed, Badri contributed $100,000 cash, $400,000 land fair value ($100,000 basis), and services with a liquidation value of $20,000. ABC

When ABC General Partnership was formed, Badri contributed $100,000 cash, $400,000 land fair value ($100,000 basis), and services with a liquidation value of $20,000. ABC assumed the $200.000 nonrecourse debt that was secured by the land contributed by Badri. Badri received 30% capital and profits interest in the partnership in exchange for his contribution. What is Badri's tax basis in his general partnership interest after his initial contributions?

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