Bethany Contributes a Building to a Partnership with a Basis

question 5

Multiple Choice

Bethany contributes a building to a partnership with a basis of $120,000 and a FMV of $200,000.Bethany's basis in her partnership interest would:

• A)Not increase at all.
• B)Increase by $80,000.
• C)Increase by $120,000.
• D)Increase by $200,000.

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