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lilsmitty137ovf7yw
12.03.2021 •
Business
Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, Gerald contributed a building with an FMV of $31,000. His adjusted basis in the building was $15,500. In addition, the building was encumbered with a $9,300 nonrecourse mortgage that XYZ LP assumed at the time the property was contributed. What is Gerald's outside basis immediately after his contribution
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Ответ:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
=![Adjusted \ basis-Encumbered \ mortgage+Share \ of \ mortgage](/tpl/images/1191/0587/0c9ab.png)
On substituting the given values, we get
=![15,500 - 9,300+(\frac{9,300}{3})](/tpl/images/1191/0587/5f046.png)
=![15,500 - 9,300 + 3,100](/tpl/images/1191/0587/ca572.png)
=![18,600-9,300](/tpl/images/1191/0587/a2b93.png)
=
($)
Ответ:
drugs, alcohol, unsafe road use
Explanation: