Lilah and Jeb Cooke are each a

50%

general partner in Cooke's Kitchen. At the beginning of 2023, Lilah had an outside basis of

$60,000

. On February 3,2023 , the partnership incurred

$20,000

in recourse debt to finance the purchase of some new equipment. What is Lilah's outside basis immediately after this purchase?\

$40,000\ $60,000\ $70,000\ $80,000

Lilah and Jeb Cooke are each a 50% general partner in Cooke's Kitchen. At the beginning of 2023, Lilah had an outside basis of $60,000. On February 3,2023 , the partnership incurred $20,000 in recourse debt to finance the purchase of some new equipment. What is Lilah's outside basis immediately after this purchase? $40,000 $60,000 $70,000 $80,000 Lilah and Jeb Cooke are each a 50% general partner in Cooke's Kitchen. At the beginning of 2023, Lilah had an outside basis of $60,000. On February 3,2023 , the partnership incurred $20,000 in recourse debt to finance the purchase of some new equipment. What is Lilah's outside basis immediately after this purchase? $40,000 $60,000 $70,000 $80,000