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Partner Carla receives a K-1 with the following information. Indicate whether each item increases (INC), decreases (DEC) or has no effect (NE) on Carla's outside
Partner Carla receives a K-1 with the following information. Indicate whether each item increases (INC), decreases (DEC) or has no effect (NE) on Carla's outside basis.
a) Ordinary business income
b)Short term capital loss
c)Dividend income
d)Tax exempt income
e)Loss from rental realty
f)Increase in partnership liabilities
g)Gain from sale of Section 1231 assets
h)Charitable contributions
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