Question

Question 20 of 75 í a a a apa plaas n ac ansa katt a tan co witabia iamo and Casper patituted inventory with a , MV of $12,000 and an adusted basis of S10,000, which ofthe folowing is true? Jaylan's basis in the partnershp is $12,000 and Caspers is 510.000 The trst and ted anowrs are both conedt

Answer 1

answer ; Jaylan's basis in the partnership is $12,000 and Casper's is $10,000

explanation ;

option1; option 1 is true , because Jaylan's contributed 12,000 and Casper's invested inventory of( FMV 12000 ) 10000 adjusted basis .

option2: false because the adjusted basis in the partnership is not same ; Jaylan's basis is 12000 and Casper's basis is 10,000.

option3 ; false ; because both are the equal partners , both will share profits equally.

option4: false ; because first option is correct and third option is not correct