At the beginning of the tax year, Barnaby's basis in the BBB Partnership was $118,800, including his $11,880 share of partnership debt. At the end of the tax year, his share of debt was $17,820. His share of the partnership's income for the year was $47,520, and he received cash distributions totaling $29,700. In addition, his share of the partnership's nontaxable income was $2,376.
Determine Barnaby's basis at the end of the tax year.

$144,936

Explanation:

First start by removing the initial debt from the initial basis so as not to inflate the basis.

= 118,800 - 11,880

= $106,920

That is the Initial basis void of debt.

Then add anything that will increase the basis and remove anything that will reduce the basis. Income and debt generally increase the basis while dividends or cash Distributions reduce them.

The Ending basis is therefore,

= Pre debt Initial basis + Partnership Income + ending debt + Nontaxable income - Cash Distribution

= 106,920 + 47,520 + 17,820 + 2,376 - 29,700

= $144,936

Barnaby's basis at the end of the tax year is $144,936.

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.