Question: Question 7 5 pts Maya contributes equipment with a FMV of $55,000 and an adjusted basis of $25,000 for a 30% interest in Pony

Question 7 5 pts Maya contributes equipment with a FMV of $55,000

Question 7 5 pts Maya contributes equipment with a FMV of $55,000 and an adjusted basis of $25,000 for a 30% interest in Pony Partnership on January 1. Pony Partnership has $9000 of liabilities. During its first year, Pony Partnership takes an additional $3,000 in debt and incurs a $12,000 loss. What is Maya's basis at the end of YR 1? $25,000 $32,200 $27,700 $55,000

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