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28 of 75. Elizabeth Hitchens and Nicole Wallace are partners in Gold Coast Ventures. The basis of either partner's interest in Gold Coast Ventures would
28 of 75. Elizabeth Hitchens and Nicole Wallace are partners in Gold Coast Ventures. The basis of either partner's interest in Gold Coast Ventures would be increased by: Charitable contributions. Distributions of money and the adjusted basis of other property distributed to the partner. The partner's distributive share of partnership losses. The partner's distributive share of partnership ordinary income
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