On January $1,2022,$ Steve, Sarah, and Seth formed the SSS Ltd$.,$ a general partnership. The following contributions were made by the partners: Steve contributed land with a FMV of $$1,175,000,$ an adjusted basis of $$250,000$ and a recourse $($bank loan$)$ debt of $$275,000.$ The recourse debt was from a bank that Steve owned $5\%,$ his parents owned $15\%,$ and his grandparents owned $35\%$ with the balance owned by unrelated employees of the bank. $$ Sarah contributed cash of $$400,000,$ equipment with a FMV of $$700,000,$ an adjusted basis of $$900,000,$ and a nonrecourse $($bank loan$)$ debt of $$200,000.$ The nonrecourse debt was from a bank that is $60\%$ owned by Sarah$$s grandparents, $10\%$ by Sarah, and $15\%$ by Sarah$$s parents.$$ The balance of the bank is owned by individuals unrelated to Sarah. $$The equipment has $4\mathrm{.}5$ years of depreciation left, $$200,000$ per year for tax purposes.$$ The asset was a $7-$year class asset.$$ MACRS straight$-$line depreciation was elected for the equipment when it was placed in service by Sarah. Seth contributed an apartment building and land with a FMV of $$1,600,000($building $$1,350,000$ and land $$250,000),$ an adjusted basis of $$481,800($building $$376,525$ and land $$105,275)$ and a nonrecourse $($bank loan$)$ debt of $$1,000,000.$ The building and land were purchased on March $1,2015,$ for $$605,295($building $$500,000$ and land $$105,295).$The bank is unrelated to Seth. $$ The partners will share profits and losses in the same ratio as their initial capital contributions using the partners$$ interest in the partnership found in Regs. $1\mathrm{.}704-1($b$)(3).$ SSS Ltd$.$ is a calendar year accrual basis partnership. The nonrecourse debt contributed by Seth should be allocated: Group of answer choices Steve $$333,333$; Sarah $$333,333$; Seth $$333,334$ Steve $$180,675$; Sarah $$180,675$; Seth $$638,650$ Steve $$0$; Sarah $$0$; Seth $$1,000,000$ Steve $$375,000$; Sarah $$375,000,$ Seth $$250,000$