Hallie, Lauren and Cammie mpformed hl&c a general partnership as equal partnership. hallie contributed $55,000...
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Hallie, Lauren and Cammie mpformed hl&c a general partnership as equal partnership. hallie contributed $55,000 cash. Lauryn contributed $25,000 cash ND property with an adjusted basis of $25,000 and a fmv of $35,000. Cammie contributed property with an adjusted basis of $43,000 and a Fmv of $55,000. The partnership made $9,000 in ordinary income for the year. What is Hallie's ending tax capital account?
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