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Choose the response that correctly completes the following sentence about an individual partner's outside basis in a partnership. A partner's outside basis: Can be less

Choose the response that correctly completes the following sentence about an individual partner's outside basis in a partnership. A partner's outside basis:

Can be less than zero.

Does not change as long as the partner maintains their partnership interest.

Is used to apply the basis limitation to losses from a partnership.

Must be tracked by the partnership.

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