Business
Business, 18.10.2020 05:01, juliannabartra

tiara, lauryn and camee formed tl&c, a general partnership, as equal partners. Tiara contributed 55000. cash. Lauryn contributed 25000. cashand property with an adjusted pasis of 25000. and a FMV of 35000. Camee contributed property with an adjusted basis if 43000. and a FMV of 55000. The partnership made 90000. in ordinary income for the yhear and there were no cash or property distributions. What is Tiara's ending tax capital account?

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tiara, lauryn and camee formed tl&c, a general partnership, as equal partners. Tiara contributed...

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