(Answered) Question - sabrina contributes a building with an adjusted

Accounting

Question - Sabrina contributes a building with an adjusted basis of $80,000 to a partnership. The fair market value of the building is $100,000 on the date of the contribution. What is Sabrina's basis in her partnership interest immediately after the contribution?

a. $0

b. $40,000

c. $80,000

d. $100,000

e. None of the above

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