Solution-What is sandra''s outside basis in pam after the

What is sandra''s outside basis in pam after the transfer

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Reference no: EM132979222

Question - Sandra transfers a car with a fair market value of $600 and an adjusted basis of $250 to the PAM Partnership. She receives a capital account of $600 and a 10% profits interest in PAM. At the time of transfer PAM had no-recourse liabilities of $1,000. What is Sandra's outside basis in PAM after the transfer? (SHOW ALL WORK REQUIRED).

Reference no: EM132979222

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What is sandra''s outside basis in pam after the transfer

Reference no: EM132979222

Reference no: EM132979222

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