Steve's tax basis in Partnership interest is $200,000 including all adjustments at the beginning of the tax year. His allocable share of partnership items is: ($120,000) of ordinary loss, $6,000 tax-exempt interest income, and a $14,000 long-term capital gain. In addition, during the year, the LLC distributed $20,000 of cash to Steve. during the year, Steve's share of partnership debt increased by $10,000. Steve's ending basis in his LLC interest is $80,000. This is false because his basis should be $90,000 correct?