Cosmo contributed land with a fair market value of $365,000 and a tax basis of $99,000 to the y mountain partnership in exchange for a 30 percent profits and capital interest in the partnership. the land is secured by $161,000 of nonrecourse debt. other than this nonrecourse debt, y mountain partnership does not have any debt.
a. how much gain will cosmo recognize from the contribution? (leave no answer blank. enter zero if applicable.)
b. what is cosmo’s tax basis in his partnership interest?

Maximizing the difference between total revenue and total cost;

Answer50% percent;

Henry m. leland (1843-1932), president of cadillac motor carcompany in 1908, known as a master of precision frederick bennett, the british agent for cadillac motor carcompany who convinced the royal automobile club to runthe standardization test at brooklands, england henry ford (1863-1947), founder of ford motor company whointroduced the moving assembly line into the automobileindustry in 1913

You have the right to raise a safety or health concern, or report a work-related injury or illness with your employer or osha without being retaliated against. is this statement true or false?   true.  now, in some cases an employee may feel they have been  retaliated  against and if they do, they can file a complain as that is not  allowed. if an  employer is found to  violate safety or health  concerns they can get in a lot of trouble and  potentially be shut down overtime. it is always important to address concerns and if  retaliation  happens, address those as well.