1. On January 1 2011 Connie Jill and Hillary formed a three-person equal partnership with Connie and Jill each contributing $100000 and Hillary contributing securities with an adjusted basis to her of $60000 and a fair market value of $100000. On September 30 2011 the partnership sold the securities for $130000. How much gain was required to be allocated to Hillary as a result of the sale by the partnership?A. $30000.B. $40000.C. $50000.D. $70000.2. Ronald and Roy formed an equal partnership R&R Partnership a general partnership on January 1 2011. Ronald contributed $100000 in exchange for his one-half interest in R&R partnership. Roy contributed land worth $100000 and with an adjusted basis to Roy of $30000 in exchange for his one-half interest in the partnership. Roy is a real estate developer and at the time of the contribution the land was inventory in his hands. The land is a capital asset in the hands of R&R Partnership. If R&R Partnership sells the land in 2017 to an unrelated taxpayer for $180000 how much gain will be recognized by R&R Partnership and what will be the character of the gain?A. $80000 all of which gain will be ordinary incomeB. $150000all of which gain will be capital gain.C. $150000all of which gain will be ordinary income.D. $150000 consisting of $80000 capital gain and $70000 ordinary income.4. What is Margaret s adjusted basis in her partnership interest in MP Partnership at the end of 2011?A. 0.B. $1300.C. $9000.D. $2700.Glenda received a proportionate non liquidating distribution from the EFG Partnership. The distribution consisted of $10000 cash and property with an adjusted basis to the partnership of $34000 and a fair market value of $42000. Immediately before the distribution Glenda s adjusted basis in her partnership interest was $60000. How much is Glenda s basis in the non cash property distributed to her?A. $10000.B. $34000.C. $42000.D. $50000.
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BENCHMARK – EFFECTS OF CHILDHOOD TRAUMA WORKSHEET
Academic Level University Subject Healthcare Type of Paper Other (Not listed) Paper Format APA Assessment Traits Benchmark Requires Lopeswrite Assessment Description Complete the “Effects of Childhood Trauma Worksheet” document attached. While APA format is not Read more…