Bethany contributes a building to a partnership with a basis of $120,000 and a FMV of $200,000. Bethany's basis in her partnership interest would:
not increase at all.
increase by $80,000.
increase by $120,000.
increase by $200,000.
is it B
not increase at all.
increase by $80,000.
increase by $120,000.
increase by $200,000.
is it B