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What is the typical average room size of a kitchen?
Partnership Basis
The amount invested in a partnership by the partners, adjusted for additions, withdrawals, and the individual's share of partnership profits or losses.
Partnership Basis
Refers to an individual partner's investment in a partnership, used for determining the tax implications of the partnership's operations on the individual.
Equal Partners
Individuals or entities that share equally in the rights, responsibilities, and profits of a partnership.
Step-Into-The-Shoes
A term relating to the transfer of tax basis from one party to another, preserving the original cost basis for tax calculation.
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