Xy partnership x is general partner with 20% interest and y is limited partner with 80% interest. How is partner x' s basis affected if y guarentees a partnership recourse loan of 50000 to a bank? No waivers exist.

X gets 10000 increase basis

x gets 40000 increased basis

x gets 50000 increased basis

x gets no increased basis

And if y guarenteed a non recourse loan in same amount what would be x's increase in basis? And Why?