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Claudia owned an interest as a limited partner in LBJ partnership. She did not materially participate in the activity. On the date she gifted the
Claudia owned an interest as a limited partner in LBJ partnership. She did not materially participate in the activity. On the date she gifted the LBJ partnership interest to her son, Ken, her basis was $30,000. Suspended losses amounted to $25,000 as of that date. What is Ken's adjusted basis on the gift
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