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Question 28 of 75. On August 19 of the tax year, Devante contributed $9,500 for a 30% interest in the general partnership, Kicks and Tixs.

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Question 28 of 75. On August 19 of the tax year, Devante contributed $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? $9,500 $15,800 $24,500 $44,800 2 one for

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