Matthew contributes land with an adjusted basis of $10,000 and fair market value of $35,000, plus a

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Matthew contributes land with an adjusted basis of $10,000 and fair market value of $35,000, plus a building with an adjusted basis of $8,000 and fair market value of $20,000 for a 50% interest in the MJ Partnership. What is Matthew's outside basis in the partnership interest received

Posted Date: May 19, 2024 02:05 AM

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Matthew contributes land with an adjusted basis of $10,000 and fair market value of $35,000, plus a

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