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please help 7. This AB partnership has the following income and expenses for the past calendar year: A and B are equal partners who use

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7. This AB partnership has the following income and expenses for the past calendar year: A and B are equal partners who use the calingndar year as their taxable years. Questions (7.5 points): 1) How will the partnership, A and B report these items? 2) A's adjusted basis for his partnership interest was $20 at the beginning of this taxable year of the partnership. What will his AB be at the end of the year if the partnership makes no distributions to the partners this year

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