Jerry, a partner with 30% capital and profit interest, received his Schedule K-1 from Plush...
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Jerry, a partner with capital and profit interest, received his Schedule K from Plush Pillows, LP At the beginning of the year, Jerry's tax basis in his partnership interest was $ His current year Schedule K reported an ordinary loss of $ longterm capital gain of $ qualifying dividends of $ $ of nondeductible expenses, a $ cash contribution, and a reduction of $ in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year?
Jerry, a partner with capital and profit interest, received his Schedule K from Plush Pillows, LP At the beginning of the year, Jerry's tax basis in his partnership interest was $ His current year Schedule K reported an ordinary loss of $ longterm capital gain of $ qualifying dividends of $ $ of nondeductible expenses, a $ cash contribution, and a reduction of $ in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year?
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