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Which of the following does not increase the partnership's tax capital account? A) Money contributed by the partner to the partnership. B) The fair market
Which of the following does not increase the partnership's tax capital account?
A) Money contributed by the partner to the partnership.
B) The fair market value of the property contributed by the partner.
C) Money distributed by the partnership to partner.
D) The partner's distributive share of the partnership's taxable income and gain.
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