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on August 19 of the tax year, Devante contributes 9,500 for a 30% interest in the general partnership. Kicks and tixs. the partnership took out
on August 19 of the tax year, Devante contributes 9,500 for a 30% interest in the general partnership. Kicks and tixs. the partnership took out a loan for 29,000 on August 1, the partnership does not have any other liabilities . Devante's distributive share for the year was 6,300 What is his ending basis for the partnership? (1) 9,500. (2) 15,800. (3) 24,500. (4) 44,800
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