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Winters transferred stock to a partnership. Her basis in the stock is $10,000 and its value is $12,000. As a result of the transfer: A.
Winters transferred stock to a partnership. Her basis in the stock is $10,000 and its value is $12,000. As a result of the transfer: A. Winters will recognize a gain of $2,000. B. The partnership will recognize a gain of $2,000. C. No gain will be recognized by either Winters or the partnership. D. Basis of the stock will be $12,000 to the partnership
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