Question: Enter problem statement, appropriate input type, and other instructions here XYZ is a limited partnership. Jole is the general partner and has a 60% Interest

 Enter problem statement, appropriate input type, and other instructions here XYZ

Enter problem statement, appropriate input type, and other instructions here XYZ is a limited partnership. Jole is the general partner and has a 60% Interest in partnership capital and profits. Eva is the limited partner and has a 40 % Interest in capitaland profits.XYZ borrows $100.000 on a recourse basisWhat is the impact of XYZ's borrowing on the tax bass each partner has in their partnership interests? OA. Neither partners basis changes as a result of the borrowing OB. Josie's basis increases by $60.000Eva's basis is unchanged OC. Josie's basis increases by $100.000 : Eve's basis is unchanged. OD. Josie's basis increases by $60,000: Evo's basis increases by $40,000

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