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Augustus1 Augustus1
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Posts: 1894
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7 years ago
If Sec. 721 nonrecognition rules apply, the basis of the partnership interest is equal to the sum of money contributed plus the FMV of the property transferred to the partnership.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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7 years ago
I'm forever indebted to you!

THANKS
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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