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creditor is only able to claim potential future profits of the company but cannot go after the personal assets of either partner. The company uses a calendar year tax period.

In the above scenario, what are Ryan and James's initial outside tax bases in the partnership?

Ryan: $$93,000.$ James: $$47,000.$

II$.$ Ryan: $$160,500.$ James: $$64,500.$

ili. None of the answers given here.

$$ IV$.$ Ryan: $$128,000.$ James: $$47,000.$