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Sarah contributed fully depreciated ($0 basis) property valued at $50,000 to the RSTU Partnership in exchange for a
25% interest in partnership capital and profits. During the first year of partnership operations, RSTU had net taxable income of $200,000 and tax-exempt income of $4,000. The partnership distributed $10,000 cash to Sarah. Her share of partnership recourse liabilities on the last day of the partnership year was $20,000. What is Sarah's adjusted basis (outside basis) for her partnership interest at the end of the tax year?
Monomorphic
Pertaining to a structure or organism that has only one form or state during its life cycle.
Social Power
The ability to influence or control the behavior of others and the outcomes of social situations.
Sociometric Methods
Techniques used to measure social relationships and structures by evaluating attributes like preferences, choices, or personal connections among group members.
Opinion Leaders
Individuals who have the ability to influence the attitudes, behaviors, and opinions of others due to their expertise, position, or personality.
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