Question: Which of the following will decrease a partner's basis in a partnership? The partner's distributive share of the partnership's taxable and nontaxable income. Partnership liabilities

Which of the following will decrease a partner's basis in a partnership? The partner's distributive share of the partnership's taxable and nontaxable income. Partnership liabilities that have been assumed by the partner. The partner's share of any decrease in the partnership's liabilities. The partner's share of any increase in the partnership's liabilities

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