Pablo is a 30% limited partner is Evergreen LLP. Pablo s basis at the beginning of the
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Pablo is a 30% limited partner is Evergreen LLP. Pablo s basis at the beginning of the year is $30,000. During the year, Evergreen has $200,000 of ordinary income, $17,000 of long-term capital gain, and $5,000 of non-deductible expenses. Evergreen makes a distribution of $20,000 to Pablo. What is Pablo s basis in his partnership interest at the end of the year?"
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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