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QUESTION
The partnership agreement allocates depreciation 90% to B, the limited partner group and 10% to A. All other gains and losses will be allocated 80%...
The partnership agreement allocates depreciation 90% to B, the limited partner group and 10% to A. All other gains and losses will be allocated 80% to B, the limited partner group and 20% to A. What will be A"s basis in her partnership interest upon formation? How will the answer to this question change when accumulated depreciation reaches $500,000?
