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The basis of a partners partnership interest is increased by: (1) charitable contributions made by the partnership. (2) The partners distributive share of partnership losses.
The basis of a partners partnership interest is increased by:
(1) charitable contributions made by the partnership.
(2) The partners distributive share of partnership losses.
(3) The partners distributive share of taxable and nontaxable income of the partnership.
(4) distributions of money and the adjusted basis of other property to the partner.
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
