Lewis owned on LP interest in kate partners lp. He did not materially participate in the activity.
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Lewis owned on LP interest in kate partners lp. He did not materially participate in the activity. On the date he gifted the Kate partnership interest to his son Travis, his basis was 33,000. Suspended losses amounted to 10,000 as of that date. What is Travis\'s adjusted basis in the gift?
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Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson
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