Business, 28.12.2019 04:31 bakoeboo

For the tax year, osh partnership reported a $74,000 ordinary loss and a $28,000 increase in recourse liabilities for which the partners are liable. ashley, a 50% partner, had an adjusted basis of $15,000 at the beginning of the year. what is ashley's allowable loss and her adjusted basis in osh at the end of the year?

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For the tax year, osh partnership reported a $74,000 ordinary loss and a $28,000 increase in recours...

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