Question: Bashful contributes land (AB 20, FMV 50) to a partnership in exchange for a 20% interest. The partnership has no liabilities before this contribution,

Bashful contributes land (AB 20, FMV 50) to a partnership in exchange for a 20% interest. The partnership has no liabilities before this contribution, but the land has a mortgage of 40 attached Question 12 (0.5 points) 1) Listen What is Bashful's beginning basis in the partnership? 18 28 (12) 58 42

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