Question: Question 5 of 5 . A Section 7 5 4 Election allows a partnership to adjust the cost basis for a new parther to account

Question 5 of 5.
A Section 754 Election allows a partnership to adjust the cost basis for a new parther to account for what?
Buit-in gain.
Depreciation.
Liabinties assumed by the partnership
Liabilities assumed by the partner.
Mark for follaw up
Question 5 of 5 . A Section 7 5 4 Election allows

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