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Business, 05.05.2021 04:00 zariahj044

Hamby transfers a capital asset in exchange for a one-half interest in Hartsville LLC. The asset has an adjusted basis to Hamby of $20,000 and a fair market value of $55,000. Hamby has a $ realized gain on the exchange. Hamby's basis for his LLC interest is $. The LLC's holding period for the capital asset carries over from Hamby . The LLC’s basis for the contributed property is $.

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Hamby transfers a capital asset in exchange for a one-half interest in Hartsville LLC. The asset has...
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