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Looking for the adjusted basis in the partnership after year five. In Year 1 you invested $500,000 in exchange for a 15% partnership interest in

Looking for the adjusted basis in the partnership after year five.

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In Year 1 you invested $500,000 in exchange for a 15% partnership interest in ABC, LP. Here are some additional facts: 0 Year 1: ABC had ordinary business income at $3.4 million for the year; it had no other categories of income or deductible expense; during Year 1 you received a cash distribution from ABC of $400,000. ~ Year 2.: ABC had ordinary business income of $4.6 million for the year, it had no other categories of income or deductible expense; during Year 2 you received a cash distribution from ABC of $500,000. . Yell; ABC had ordinary business income of $1.8 million for the year; it had no other categories of income or deductibte expense; during Year 3 you received a cash distribution from ABC of $450,000- 0 Year 4: ABC had an ordinary business loss of $2.75 million for the year; it had no other categories of income or deductible expense; during Year 4 you received no cash distributions from ABC but did make a $125,000 additional capkal contribution. What is your adjusted basis in your ABC partnership interest as of the beginning of Year 5? (No need to show calculations, just a single dollar amount)

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