Question: 1.ABC is an equal partnership that has made a 754 election. On January 1 of this year, A's outside basis is $2100 and the partnership's

1.ABC is an equal partnership that has made a 754 election. On January 1 of this year, A's outside basis is $2100 and the partnership's balance sheet is as follows (expanded to include fair market values (000's omitted)):

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