Question: A and B form a new partnership - AB, LLC. A and B are equal partners in the partnership. A contributes a building with adjusted

A and B form a new partnership - AB, LLC. A and B are equal partners in the partnership. A contributes a building with adjusted basis to B of $1,000 and fair market value of $5,000. Prior to its contribution, the building had not been depreciated. B contributed cash of $5,000. Immediately after formation of the partnership, what is A's basis in his partnership interest?

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