Assume that in the following example financial statement income and tax return income are the same.

A$.$ Partner A contributes property with a basis of $$100,000,$ fmv of $$300,000$ and liability of $$60,000$ for a $\frac{1}{3}$ interest.

B$.$ The partnership buys an asset by putting down $$5000$ cash and taking out an $$18,000$ liability.

C$.$ The partnership sells a capital asset for a $$12,000$ gain.

D$.$ The partnership has $$3000$ of interest income

E$.$ The partnership has $$30,000$ of capital losses

F$.$ The partnership has $$6000$ of municipal bond income

G$.$ The partnership pays $$1500$ in government fines

H$.$ The partnership has $$90,000$ of income

I. The partnership makes a $$3000$ charitable contribution

J$.$ The partnership pays $$3000$ of the liability assumed in transaction B $($above$)$

K$.$ The partnership distributes $$10,000$ to Partner A