Jorge is a general partner in a partnership with three total partners, including two limited partners. Jorge's
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Jorge is a general partner in a partnership with three total partners, including two limited partners. Jorge's outside basis at the beginning of the year was $6,000. The partnership took out a $10,000 loan. If this was the only potential change to Jorge's outside basis during the year, what is his outside basis at the end of the year?
Related Book For
Federal Taxation 2021 Corporations, Partnerships, Estates & Trusts
ISBN: 9780135919460
34th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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