Can a recourse debt of a partnership increase the basis of a limited partner's partnership...
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Can a recourse debt of a partnership increase the basis of a limited partner's partnership interest? Explain. OA No, because a limited partner normally has no economic risk for recourse debt OB Yes, because a limited partner normally has a large economik for recourse debt OG. Yes, because a limited partner's basis in his or her partnership interest is dependent upon any debtor income the partnership acquires OD. No, because a limited partner's basis in his or her partnership Interest is based primarily on the profit ratio
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