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Is There A Better Economic Structure Become Exceptional/tutorialoutletdotcom

FOR MORE CLASSES VISIT www.tutorialoutlet.com ACCT 6353 Facts: 1. Paul and Jon are partners in a small successful restaurant. They want to expand but need a second location. They think their business has a FMV of $1,000,000 (and has a basis of $500,000 to Paul and a basis of $250,000 to Jon). 2. Jason is a real estate broker and investor. He normally buys real estate and sells it quickly. He is fully licensed as a real estate broker in Texas. Jason has a vacant lot that he paid $300,000 several years ago. The FMV is currently $500,000.

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