Ladonna and Jesse are each a 50% general partner in Couture Clothiers. At the beginning of 2022, Ladonna had an outside basis of $55,000. On February 3, 2022, the partnership incurred $30,000 in recourse debt to finance the purchase of some new industrial sewing machines. What is Ladonna's outside basis immediately after this purchase?

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To calculate Ladonnas outside basis immediately after t... View the full answer