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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market value of $50,000 but the donor's basis was $45,000. The trust fund will report
A.   Additions of $50,000.
B.   Additions of $45,000.
C.   Capital contributions of $50,000.
D.   Capital contributions of $45,000.
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1 Reply
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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