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Compute the adjusted basis of each partner's interest in the partnership immediately after the formation of the partnership. (Do not round intermediate calculations. Round your

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Compute the adjusted basis of each partner's interest in the partnership immediately after the formation of the partnership. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) List the separate items of partnership income, gains, losses, and deductions that the partners must show on their individual income tax returns that include the results of the partnership's first year of operations. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Negative amounts should be entered with a minus sign. Leave no answer blank. Enter zero if applicable.) a. Compute the adjusted basis of each partner's interest in the partnership immediately after the formation of the partnership. b. List the separate items of partnership income, gains, losses, and deductions that the partners must show on their individual income tax returns that include the results of the partnership's first year of operations. d. What are the partners' adjusted bases in their partnership interests at the end of the first year of operations

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