Question: Leslie contributes a building worth $ 8 8 , 0 0 0 , with an adjusted basis of $ 4 0 , 0 0 0

Leslie contributes a building worth $88,000, with an adjusted basis of $40,000, to a partnership in exchange for a 50% interest in the partnership's capital and profits. What is
the amount of Leslie's basis in her partnership interest immediately after the contribution?
a. $88,000
b. $44,000
c. $20,000
d. $40,000
Leslie contributes a building worth $88,000, with an adjusted basis of

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