How can two partners, each with a 50% interest in a partnership, have different amounts of outside

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How can two partners, each with a 50% interest in a partnership, have different amounts of outside basis at the formation of a partnership? Shouldn’t the two partners contribute the same amount to have the same interest?

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Feb 04, 2016 06:09 AM

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How can two partners, each with a 50% interest in a partnership, have different amounts of outside

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Suppose one partner gave an asset with a basis of 10000 and a FMV of 50000 and another ...View the full answer

Fundamentals Of Taxation 2015

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