Question: Joseph contributed $ 4 5 , 2 5 0 in cash and equipment with a tax basis of $ 9 , 4 0 0 and

Joseph contributed $45,250 in cash and equipment with a tax basis of $9,400 and a fair market value of $15,000 to Berry Hill Partnership in exchange for a partnership interest.
Problem 20-37 Part a (Algo)
a. What is Joseph's tax basis in his partnership interest?

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