Question: Zeke contributed $ 8 , 0 0 0 for a 2 5 % interest in a mobile clothing boutique. He also contributed a point of

Zeke contributed $8,000 for a 25% interest in a mobile clothing boutique. He also contributed a point of sale system witth a fiar market value of $1200 and an adjusted basis of $800. His allocated share of partnership income, net of deductions was $5,000. What is Zeke's partnership tax capital account in this business at the endof the year

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