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Keith holds 85% partnership interest and is a general partner in Nite Time Investigations. Kenny holds a 15% limited partnership interest. The partnership obtained a

Keith holds 85% partnership interest and is a general partner in Nite Time Investigations. Kenny holds a 15% limited partnership interest. The partnership obtained a non-recourse loan to purchase new equipment. The lender required Keith to guarantee the loan personally. How does this affect the basis for Keith and Kenny?


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