CONSEQUENCE ANALYSIS

PSHIP TOTAL TAX INSIDE BASIS = (pship asset 1 adj. basis) (+pship asset 2 adj. basis) +(pship asset 3 adj. basis) +(pship asset 4 adj. basis) +(pship asset 5 adj. basis) +(pship asset 6 adj. basis) +(pship asset 7 adj. basis) + (pship asset 8 adj. basis) (pship asset 9 adj. basis) (total)

PARTNERS TOTAL TAX OUTSIDE BASIS

= (partner A total adj. basis) + (partner B total adj. basis) + (partner C total adj. basis) + (partner D total adj. basis) + (partner E total adj. basis) (total)

PSHIP TOTAL BOOK VALUE = (pship asset 1 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (pship asset 2 FMV) + (total)

PARTNERS TOTAL CAPITAL ACCOUNT = (partner A total CA) + (partner B total CA) + (partner C total CA) + (partner D total CA) + (partner E total CA) (total)
PSHIP TOTAL EQUITY & LIABILITIES
(if debt, then = to pship total book value) = (partners total CAs) + (pship total debt) (total)

pship asset 1 pship asset 2 pship asset 3 pship asset 4 pship asset 5 pship asset 6 pship asset 7 pship asset 8 pship asset 9 notes
Potential Gain/Loss Prior to Contribution
Amount Realized
Adjusted Basis
Gain/Loss
Potential Gain/Loss After Contribution
Amount Realized
Adjusted Basis
Gain/Loss
Other Considerations
built-in gain/loss under 704?
separately stated?
holding period issue?
temporary or permanent book/tax disparity?