Question: Joseph contributed $ 2 5 , 7 5 0 in cash and equipment with a tax basis of $ 1 4 , 8 0 0

Joseph contributed $25,750 in cash and equipment with a tax basis of $14,800 and a fair market value of $19.500 to Berry Hill Partnership in exchange for a partnership interest.
b. What is Berry Hills basis in the equipment?
Bak
Joseph contributed $ 2 5 , 7 5 0 in cash and

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