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Hakim's share of his partnership's losses for the year is $18,000. His outside basis at the beginning of the year was $11,000. If this was
Hakim's share of his partnership's losses for the year is $18,000. His outside basis at the beginning of the year was $11,000. If this was the only change to his outside basis during the year, what is his outside basis in the partnership at the end of the year?
($7,000) $0 $7,000 $18,000
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