Question: What is the correct order for applying the following three Hems to acjust a partners tax basis in his partnership Interest ( C increase for

What is the correct order for applying the following three Hems to acjust a partners tax basis in his partnership Interest ( C increase for share of ordinary business income, (2) Decrease for share of separately stated loss items, and (3) Decrease for distribumons?
Multiple Choice
1.3.2
1.2.3
3,1,2
2,3,1
Ber
5 or 20
Neat
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What is the correct order for applying the

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