The partnership obtains a 99000 recourse loan and purchases
Question - Harry and June each contribute $10,000 cash to start a 50/50 equipment leasing partnership. The partnership obtains a $99,000 recourse loan and purchases equipment for $100,000. What is Harry's basis in his partnership interest? Junes?
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question - harry and june each contribute 10000 cash to start a 5050 equipment leasing partnership the partnership
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