Adam bought units in a publicly traded partnership, paying $\backslash (\backslash$$ $500\backslash ),$ His Schedule K$-1$ showed the following: $-$ Box $\backslash (1$:$-\backslash$$ $125\backslash ).-$ Box $\backslash (5$: $\backslash$$ $20\backslash ).-$ Box $19$: $\backslash (\backslash$$ $250\backslash ).$ What is Adam's ending tax basis at the end of the year? $\backslash (\backslash$$ $145\backslash )\backslash (\backslash$$ $250\backslash )\backslash (\backslash$$ $500\backslash )\backslash (\backslash$$ $645\backslash )$ Mark for follow up

Test $-$ Schedule

Unique Characteristics

Question $3$ of $10.$

Which of the following is the most accurate statement?

The outside basis for a partner of a PTP is computed differently than for a partner of a non$-$PTP partnership.

Passive losses of a PTP are treated the same way as passive losses from a non$-$PTP partnership.

Unallowed passive losses of a PTP are reported on Form $8582$ and are required to be filed with the Form $1040.$

The PTP$\text{'}$s items of income, loss, deductions, and credits are passed through to the individual partners.

Mark for follow up

Question $4$ of $10.$