. Calculate the amount that Van has at-risk in the partnership immediately after making the capital contributions.
. Calculate the amount that Van has at-risk in the partnership immediately after making the capital contributions.
Chapter21: Partnerships
Section: Chapter Questions
Problem 2BCRQ
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Van makes an investment in a partnership in 2019. Van's capital contributions to the partnership consist of $30,000 cash and a building with an adjusted basis of $70,000, subject to a nonrecourse liability (seller financing) of $20,000.
a. Calculate the amount that Van has at-risk in the partnership immediately after making the capital contributions.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT