How to calculate the basis in the partnership interest

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How to calculate the basis in the partnership interest? There are two equal partners, one invested $,6000 in cash and the other invest land with a FMV of $6000 and adjusted basis of 10,000.

Reference no: EM131268091

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How to calculate the basis in the partnership interest : How to calculate the basis in the partnership interest? There are two equal partners, one invested $,6000 in cash and the other invest land with a FMV of $6000 and adjusted basis of 10,000.

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