Mr. B has a $7,900 adjusted basis in his limited interest in PKO Partnership. He also has

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Mr. B has a $7,900 adjusted basis in his limited interest in PKO Partnership. He also has $22,000 suspended passive activity losses from PKO. Mr. B recently sent a letter to PKO's corporate general partner formally abandoning his equity in the partnership.
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Principles Of Taxation For Business And Investment Planning 2019 Edition

ISBN: 9781260161472

22nd Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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