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What is denise beginning basis in her partnership interest

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Reference no: EM132174146

Question - Denise contributes the following assets to a partnership in exchange for a 25% partnership interest:

FMV Basis

Cash $14,500 $14,500

Office Equ. 11,000 $4,800

Auto $25,100 $7,600

What is Denise's beginning basis in her partnership interest?

Reference no: EM132174146

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