Bethany Contributes a Building to a Partnership with a Basis

question 74

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

---

Definitions:

Prosecutor

A lawyer who manages the prosecution of the defendant in criminal proceedings.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability to its shareholders, and has the capacity to enter into contracts, sue, and be sued.

White-Collar Criminals

Individuals who commit non-violent, financially motivated crimes, typically involving fraud, embezzlement, or other forms of deceit carried out during professional employment or activities.

Punishment

A penalty imposed for wrongdoing, intended to correct, deter future offenses, and serve as retribution.