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3. (6 points) The EFG Partnership shares profits and losses 25%,35%, and 40%. The partnership is a general partnership and at the end of the
3. (6 points) The EFG Partnership shares profits and losses 25%,35%, and 40%. The partnership is a general partnership and at the end of the year the partnership's tax basis balance sheet is as follows: Required: Assuming the debt is recourse financing, determine each partner's total outside basis in their partnership interest. Total outside basis E : Total outside basis F: Total outside basis G
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