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On its 2 0 2 3 Form 1 0 6 5 , Gizmo Partnership reported a different value for end - of - year partner
On its Form Gizmo Partnership reported a different value for endofyear partner capital accounts on Schedule L
line d than it reported on Schedule M line Which of the following provides a possible explanation for this difference?
Gizmo Partnership:
Used a different method of determining capital accounts for book purposes than for tax purposes.
Incurred nonrecourse debt during the year.
Reported a separatelystated charitable contribution on Schedule K
Is subject to the alternative minimum tax AMT
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