Which of the Following Items Will Affect a Partner's Tax

question 94

Multiple Choice

Which of the following items will affect a partner's tax basis?

• A) Share of ordinary business income (loss).
• B) Share of nonrecourse debt.
• C) Share of recourse debt.
• D) Share of qualified nonrecourse debt.
• E) All of the choices will affect a partner's tax basis.

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Definitions:

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