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Gavin, a 5 0 percent partner in the ABC Partnership, had a $ 4 , 0 0 0 basis at the beginning of the preceding
Gavin, a percent partner in the ABC Partnership, had a $ basis at the beginning of the preceding year. During the preceding year, ABC incurred a $ loss. In the current year, ABC reported $ of ordinary income and made a $ pro rata distribution. What is Gavin's basis at the end of the current year?
$
$
$
$
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