An investor contributed $30,000 of cash to a general partnership (all its partners being general partners) in

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An investor contributed $30,000 of cash to a general partnership (all its partners being general partners) in exchange for a 20% of general interest. The partnership has $50,000 of recourse debt before the capital contribution. The investor’s outside basis is

		$40,000
		$30,000
		$20,000
		$0
		None of the above

Related Book For answer-question

South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts

ISBN: 9781305399884

39th edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Posted Date: May 23, 2022 02:11 AM

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An investor contributed $30,000 of cash to a general partnership (all its partners being general partners) in

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South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts

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