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July 2, 2015

Homework Help: tax

Posted by Andy on Wednesday, May 16, 2012 at 2:00pm.

Bethany contributes a building to a partnership with a basis of $120,000 and a FMV of $200,000. Bethany's basis in her partnership interest would:

not increase at all.
increase by $80,000.
increase by $120,000.
increase by $200,000.

is it B

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