Question for CPAs

[Logan Allec]

Hi--I'm a little rusty on these rules so please help me out--let's say that you and I form a partnership.  Let's assume the partnership agreement works out such that I will be allocated 90% of the partnership income, loss, deductions, credits, etc., and you will be allocated 10%.  I contribute property in which my basis is $45,000 and the mortgage is $10,000, and you contribute $5,000 cash.

Is my beginning tax capital account (not tax basis) as follows?
+ $45,000 basis in property contributed
-   $1,000 liabilities assumed by you
= $44,000 beginning tax capital account

And is your beginning tax capital account (not tax basis) as follows?
+ $5,000 cash contributed
+ $1,000 liabilities assumed by you
= $6,000 beginning tax capital account

I know that the liability assumption affects tax basis, but I am a bit hazy on tax capital.  Please enlighten me.  Citations would be helpful.  Thank you!