WHICH OF THE FOLLOWING ITEMS WILL AFFECT A PARTNERS TAX BASIS? Multiple choice: 1. share...
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Accounting
WHICH OF THE FOLLOWING ITEMS WILL AFFECT A PARTNERS TAX BASIS?
Multiple choice:
1. share of ordinary business inome(loss)
2. Share of nonreourse debt.
3. Share of recourse debt.
4. Share of qualified nonrecourse debt.
5. All of the choices will affect a parnter's tax basis.
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