Question: A, B, C, and D form partnership ABCD.Partner A contributes property with a fair market value of $200,000 subject to a non-recourse mortgage of $150,000.

A, B, C, and D form partnership ABCD.Partner A contributes property with a fair market value of $200,000 subject to a non-recourse mortgage of $150,000. The tax basis of the property contributed by Partner A is $100,000.Partner B contributes property with a FMV of $150,000 subject to a non-recourse mortgage of $100,000.The tax basis of the property contributed by Partner B is $70,000.Partners C and D contribute $50,000 cash each, which is used to purchase a new property for $400,000 subject to a $300,000 non-recourse mortgage.

What is the total debt allocation to each partner?

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