Larrys tax basis in his partnership interest at the beginning of the year was $28,500. If his share of the partnership liabilities increased by $18,000 during the year and his share of partnership income for the year is $8,500, what is his tax basis in his partnership interest at the end of the year?

Larry's tax basis in his partnership interest at the beginning of the year was $24,500. If his share of the partnership liabilities increased by $8,000 during the year and his share of partnership income for the year is $2,000, what is his tax basis in his partnership interest at the end of the year? Tax basis