A Partner's Tax Basis or At-Risk Amount Can Be Increased

question 9

True/False

A partner's tax basis or at-risk amount can be increased by making capital contributions, by paying off partnership debt, or by increasing the profitability of the partnership.

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Definitions:

Toilet Training

The process of training a young child to use the toilet for urination and defecation.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience that is pleasing to the individual.

Parent's Face

The visage of a child's primary caregiver, often recognized and preferred by infants for comfort and security.

Act Anxious

The exhibition of behaviors and responses that are indicative of anxiety, including restlessness, nervousness, and tension.