Dominic and Jared were general partnership has equal partners Dominic contributes cash 25,000 securities values at 50,000 and they adjusted basis of 32,000 and equipment valued at 25,000 and an adjusted basis of 13,000. Chair contributes land valued at 43,000 and adjusted basis of 27,000 and a building valued at 57,000 and adjusted basis of 42,000 during its first years of operations the partnership borrows 1 25,000 on a recourse basis for use in constructing storage units on the contributed land the partnership sells the securities for 60,000 and recognizes 20,000 laws from operations what is Dominic's end of year basis in her partnership interest?

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Calculation of Dominics End of Year Basis in the Partnership Interest To calculate Dominics end of y... View the full answer