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Business, 14.02.2020 03:26 tyliahhayes

Jane's basis for her partnership interest at the beginning of the year was $60,000. For the year, her proportionate share of partnership items was as follows: partnership income of $10,000; partnership charitable contributions of $3,000; and a reduction of partnership liabilities of $5,000. Jane's adjusted basis (outside basis) for her partnership interest at year-end is:

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Jane's basis for her partnership interest at the beginning of the year was $60,000. For the year, he...
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