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Katherine invested $ 8 0 , 0 0 0 this year to purchase a 3 0 % interest in the KLM Partnership. The partnership reported
Katherine invested $ this year to purchase a interest in the KLM Partnership. The partnership reported $ of net income from operations, a $ shortterm capital loss, and a $ charitable contribution. In addition, the partnership distributed $ to Katherine and $ each to partners Lauren and Missy.
Assuming the partnership has no beginning or ending liabilities, what is Katherine's basis in her partnership interest at the end of the year?
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