Solution-Partnership interest at year-end

Partnership interest at year-end

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Partnership interest at year-end : The partnership distributed $12,000 cash to Betty. Her share of partnership recourse liabilities on the last day of the partnership year was $16,000. Betty's adjusted basis (outside basis) for her partnership interest at year-end is:

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Partnership interest at year-end

Reference no: EM13843653

Reference no: EM13843653

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