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Ellen purchases a 20% partnership interest but does notparticipate in the partnership??s business. She owns no otherpassive investments. Her Section 704(d) basis in the partnership
Ellen purchases a 20% partnership interest but does notparticipate in the partnershipâ??s business. She owns no otherpassive investments. Her Section 704(d) basis in the partnership =$80,000. Of th 2 answers
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