Question: How can two partners, each with a 50% interest in a partnership, have different amounts of outside basis at the formation of a partnership? Shouldnt

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

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