Sue and andrew form sa general partnership. each person receives an equal interest in the newly created partnership. sue contributes $19,000 of cash and land with a fmv of $64,000. her basis in the land is $29,000. andrew contributes equipment with a fmv of $21,000 and a building with a fmv of $42,000. his basis in the equipment is $17,000, and his basis in the building is $29,000. how much gain must the sa general partnership recognize on the transfer of these assets from sue and andrew?
a. $0
b. $4,000
c. $48,000
d. $52,000

 $0

Explanation: From the given information, here the SA general partnership will acknowledge $0 increase on the conveyance of these assets , this will be so since the increase is reported at the time of disposal of the asset instead at transfer of the assets. The following dealing will result in a carryover basis.

This basis takes spot under a property transfer, this also events in a transfer of the individual's foundation in the property. Thus it is carried over from one individual to another.

answer: d. characteristics of guests

explanation: it is directly related to the spending characteristics of attendees who fall into each of these categories:

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