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    new partnership

    two individuals started a partnership in january of 2006. a building purchased prior to the establshment of the partnership was contributed to the partnership. on what line of section n of the k1 should this be shown.

    #2
    I would include it on the line that says "Capital Contributed During the Year".
    Dave, EA

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      #3
      And don't forget to ...

      check for any built in gain potential.

      Doug

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