Question: A and B form the equal AB partnership. A contributes property ( FMV = $ 2 7 0 , 0 0 0 , basis =
A and B form the equal AB partnership. A contributes property FMV $ basis $ and B contributes $ cash. The property is depreciated straight line over a year life for both book and tax purposes. The partnership also has other property FMV $ basis $ that is depreciated straight line over years.
Under Code Sec. c how much of the tax depreciation of the contributed property by A will B get in the first year?
Assuming a curative allocation is made, how much will it be
If there were no other depreciable assets, what type of curative allocation could be made?
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