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Which of the following items decreases a partner's basis? The amount of the liability attached to property contributed by that partner to a partnership, when
Which of the following items decreases a partner's basis?
The amount of the liability attached to property contributed by that partner to a partnership, when the liability is assumed by the partnership.
Cash contributed to the partnership by the partner.
An amount that the partnership borrowed from a bank, secured by property used outside the activity, and contributed to the partnership by a partner.
The partner's distributive share of net gains from the partnership.
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