Partners D, A, W, and G form the Maroon partnership, contrib…
Partners D, A, W, and G form the Maroon partnership, contributing the following assets: Interest Asset Basis FMV Liability D 40% Hump $40,000 $200,000 $160,000 A 40% Dude $120,000 $60,000 $20,000 W 10% D-Wade $10,000 $70,000 $60,000 G 10% Nusz $30,000 $20,000 $10,000 How much is each partner’s basis in their partnership interest? How much gain, if any, does each partner recognize?
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