Question: Enter problem statement appropriate input type, and other instructions here. ABC Corporation and informa general partnership ABC contrutes a building with a fair market value

 Enter problem statement appropriate input type, and other instructions here. ABC

Enter problem statement appropriate input type, and other instructions here. ABC Corporation and informa general partnership ABC contrutes a building with a fair market value of $ 1,000,000 and a tax ans of $100,000. The partnership iso assume a Decours liability of $400.000 ABC receives a 60 % merest in partnership captal and profits Billy contributes inventory with a fair market value of $400,000 and tax basis of $100,000 for a 40 % Interest in partnership capital and profits What tox basis do ABC and Bay have in their partnership Interests? OA ABC's boss is 50, Billy'shasis is $200,000 OB. ABC' basis is 5000,000. Bey's basis in $400,000 OC ABC's batie is $100,000 Bily's basis $100,000 OD. ABC's boss 540.000. Bisbasis in $200,000

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