On January 1, 2018, Ann and Bob formed a partnership to provide window cleaning services. The partners each contributed $4836 and agreed that all income and losses would be shared equally. For the fiscal period January 1 to December 31, 2018, the following information is available. The partnership earned income for tax purposes of $184409. Included in this amount is a taxable capital gain of $39306. The partnership made charitable donations of $12216. Ann took draws totaling $70237. Ann contributed additional capital of $14527 to the partnership. The adjusted cost base of Ann's partnership interest at January 1, 2019, is?

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Heres how to calculate the adjusted cost base ACB of Anns partnership interest at January 1 2019 1 I... View the full answer