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Jack and Tim are equal partners in the ABD Partnership. The partners formed the partnership five years ago by contributing cash. Prior to any distributions,
Jack and Tim are equal partners in the ABD Partnership. The partners formed the partnership five years ago by contributing cash. Prior to any distributions, Tim has a basis in his partnership interest of $44,000. On December 31, ABC made an operating distribution of $50,000 cash to Tim. What is Tim's outside basis in EGR after the distribution
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Accounting Information For Decision Making Process
Authors: Karl Matron
1st Edition
B07DZQJMZ2
