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A is an equal 1/3 partner in the ABC partnership. The partnership has recourse debt which is shared equally by the partners. Which of the
A is an equal 1/3 partner in the ABC partnership. The partnership has recourse debt which is shared equally by the partners. Which of the following situations may result in a A's outside basis being decreased? Question 5 Select one: a. The partnership borrows additional money from the bank on a recourse basis b. Partner B receives liquidating distributions in cash. c. The partnership renews an existing recourse loan on the same terms d. All of the above e. None of the above
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