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Review the following questions and determine if you believe the statement is either true or false. A partner's tax basis or at-risk amount can be
Review the following questions and determine if you believe the statement is either true or false. A partner's tax basis or at-risk amount can be increased by making capital contributions, by paying off partnership debt, or by increasing the profitability of the partnership. A partner that receives cash in an operating distribution recognizes loss if the cash distributed is less than the partner's outside basis in the partnership immediately before the distribution. Cash distributions include decreases in a partner's share of partnership liabilities
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