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In which of the following situations will a partner's outside basis be decreased in a general partnership? Select one: a. The partnership pays down or
In which of the following situations will a partner's outside basis be decreased in a general partnership? Select one: a. The partnership pays down or pays off its liabilities. b. Other partners depart the partnership. c. The partnership renews an existing matured loan on the same terms as apply to the maturing loan. d. Two of the above. e. None of the above.
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