Question: Devin contributed $ 2 5 , 0 0 0 in cash and property with an adjusted basis of $ 2 0 , 0 0 0

Devin contributed $25,000 in cash and property with an adjusted basis of $20,000 for a 25% interest in a partnership. His distributive share of partnership liabilities is $10,000. If there are no other basis adjustments, what is Devin's outside basis in his partnership interest?

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