Question: Partner A is a 25% partner, and has a basis in her interest and capital account balance of $200,000. She contributes some land (FMV =

Partner A is a 25% partner, and has a basis in her interest and capital account balance of $200,000. She contributes some land (FMV = $100,000, basis = $60,000, liability attached = $40,000) to the partnership. How much are her book capital account and basis afterward

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