14-17

The "inside basis" is defined as a partner's basis in the partnership interest. True False Which of the following is reported as a separately staled item from a partnership? Depreciation expense. Sales income. Capital gain. Interest expense to buy business equipment. Guaranteed payments arc always determined with regard to partnership income. True False Which of the following items increases a partner's basis in his or her partnership interest? Ordinary income that flows through from the partnership. The basis of property contributed. All of these. Tax-exempt income that flows through from the partnership