Please help with answers A to H.

e. Are ther January 1 of the current sing 27. 10.3, 8 Liz and John formed the equal LJ Partnership on ment in his sole proprietorship. a. market value of $170,000 and an adjusted basis of $20,000. John had used the ecin $90,000 and an adjusted basis of $75,000. John contributed equipment with a fin year. Liz contributed $80,000 of cash and land with a fair market value How much gain or loss will Liz, John, and the partnership realize: b. How much gain or loss will Liz, John, and the partnership recognize; What tax bases will Liz and John take in their partnership interests? d. What $ 704(b) book basis will Liz and John take in their partnership interests What bases will LJ take in the assets it receives? f. Are there any differences between inside basis and outside basis? Explain g How will the partnership depreciate any assets it receives from the partners h. Do additional considerations arise because of the difference between the basis and fair market values of the property John contributed? C. e