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A partner's basis is increased by all of the following, EXCEPT: A: Partnership assumption of the partner's individual debt. B: Proportional share of new partnership

A partner's basis is increased by all of the following, EXCEPT:

A: Partnership assumption of the partner's individual debt.

B: Proportional share of new partnership liability.

C: Capital contributed.

D: Fair market value (FMV) of services performed in exchange for ownership interest.

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