Sabrina Contributes a Building with an Adjusted Basis of $80,000

question 10

Multiple Choice

Sabrina contributes a building with an adjusted basis of $80,000 to a partnership. The fair market value of the building is $100,000 on the date of the contribution. What is Sabrina's basis in her partnership interest immediately after the contribution?

• A)$0
• B)$40,000
• C)$80,000
• D)$100,000
• E)None of these

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Definitions:

Assigns His Copyright

The act of transferring copyright ownership from the original holder to another party, either temporarily or permanently.

Accounting Works

Refers to the systematic process of recording, reporting, and analyzing financial transactions of a business.

Permanent Injunction

A court order requiring an individual or entity to permanently start or stop a specific action, often issued in cases where monetary damages are insufficient remedy.

Enhanced Injunction

A more stringent form of injunction that may include additional or stricter terms than a standard injunction, often used in complex legal situations.