Business, 16.10.2019 20:30 christian5668

Sue and andrew form sa general partnership. each person receives an equal interest in the newly created partnership. sue contributes $16,000 of cash and land with a fmv of $61,000. her basis in the land is $26,000. andrew contributes equipment with a fmv of $18,000 and a building with a fmv of $39,000. his basis in the equipment is $14,000, and his basis in the building is $26,000. how much gain must the sa general partnership recognize on the transfer of these assets from sue and andrew?

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Sue and andrew form sa general partnership. each person receives an equal interest in the newly crea...

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