Question: Regarding a partner's basis in the partnership interest, classify each of the following as either an item that Increases basis or one that Decreases basis

Regarding a partner's basis in the partnership interest, classify each of the following as either an item that "Increases basis" or one that "Decreases basis"

. 1 .

Distribution from the partnership

2 .

Gain recognized under

721 (

) 3 .

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