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Jay owns a 40% interest in Bad's Games, a partnership. His basis in the partnership on 01/01/2021 was $20,000. Jay took a cash distribution of
Jay owns a 40% interest in Bad's Games, a partnership. His basis in the partnership on 01/01/2021 was $20,000. Jay took a cash distribution of $19,000 on 07/01/2021. What is the $19,000?
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
