Question $11$ of $20.$

The primary purpose of Schedule M$-2$ is to:

Reconcile what changes in the tax year impacted the partner's basis accounts.

Report cash and property contributions and changes due to depreciation of property contributed.

Display all items of income, loss, deductions, adjustments, credits, and separately stated items that impact the partner's capital account.

Report what changes in the tax year impacted the partner's capital accounts.

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