Miguel Contributes Land to a Partnership with a Basis of $12,000

question 54

Multiple Choice

Miguel contributes land to a partnership with a basis of $12,000 and a FMV of $18,000.How much gain will Miguel recognize?

• A)$0.
• B)$6,000.
• C)$12,000.
• D)$18,000.

---

Definitions:

Practice Management

A category of healthcare management for optimizing the daily operations of a medical practice.

Electronic Medical Record

Digital versions of patients' paper charts that contain a patient's medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory test results.

Interoperability

The ability of different systems, devices, or applications to work together and exchange information effectively.

Electronic Medical Records

Digital versions of patients' paper charts, which contain medical and treatment histories of patients, allowing for improved and more efficient healthcare delivery.