Hamby transfers a capital asset in exchange for a one-half interest in Hartsville LLC. The asset has an adjusted basis to Hamby of $20,000 and a fair market value of $55,000. Hamby has a $ realized gain on the exchange. Hamby's basis for his LLC interest is $. The LLC's holding period for the capital asset carries over from Hamby . The LLC’s basis for the contributed property is $.

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

answer: b 56, 250

explanation:

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return

answer; trojan horse;