Kuda exchanges property with a FMV of $630,000 and an adjusted basis of $450,000 in exchange for a one-third interest in a partnership.The property is subject to a mortgage with a principal balance of $300,000 which the partnership assumes.As a result of Kuda joining the partnership,Alejandro,a pre-existing partner,now has a one-third interest in the partnership.Alejandro will adjust his basis to
A)increase it by $150,000.
B)increase it by $210,000.
C)decrease by $100,000.
D)increase it by $100,000.

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The Answer of Kuda exchanges property with a FMV of $630,000 and an adjusted basis of $450,000 in exchange for a one-third interest in a partnership.The property is subject to a mortgage with a principal balance of $300,000 which the partnership assumes.As a result of Kuda joining the partnership,Alejandro,a pre-existing partner,now has a one-third interest in the partnership.Alejandro will adjust his basis to
A)increase it by $150,000.
B)increase it by $210,000.
C)decrease by $100,000.
D)increase it by $100,000.

Kuda Exchanges Property with a FMV of $630,000 and an Adjusted