The following facts will remain the same for all questions this is used on: Mark contributes an

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The following facts will remain the same for all questions this is used on:

Mark contributes an Airplane & its loan balance to Southwest Partnership.

Martha contributes a Terminal & its loan balance to Southwest Partership.

Mark

s Original Asset

(

Airplane

)

1, 000, 000

FMV

300, 000

Basis

900, 000

Loan Balance

Martha

s Original Asset

(

Terminal

)

1, 000, 000

FMV

300, 000

Basis

100, 000

Loan Balance

What is Mark\'s capital interest percentage gain

(

loss

) ? [

write losses as a negative number; write percentages as a decimal

(

.

., 17 % - - > 0.17)]

Posted Date: May 10, 2024 12:46 AM

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The following facts will remain the same for all questions this is used on: Mark contributes an

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