The basis of a partners partnership interest is increased by: (1) charitable con
ID: 2598664 • Letter: T
Question
The basis of a partners partnership interest is increased by: (1) charitable contributions made by the partnership. (2) The partners distributive share of partnership losses. (3) The partners distributive share of taxable and nontaxable income of the partnership. (4) distributions of money and the adjusted basis of other property to the partner. The basis of a partners partnership interest is increased by: (1) charitable contributions made by the partnership. (2) The partners distributive share of partnership losses. (3) The partners distributive share of taxable and nontaxable income of the partnership. (4) distributions of money and the adjusted basis of other property to the partner. (1) charitable contributions made by the partnership. (2) The partners distributive share of partnership losses. (3) The partners distributive share of taxable and nontaxable income of the partnership. (4) distributions of money and the adjusted basis of other property to the partner.Explanation / Answer
The basis of a partner's partnership interest is increased by :
3. The partners distributive share of taxable and nontaxable income of the partnership.
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