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:

Historical Materialism

A Marxist theory that posits societal development and changes are primarily driven by material conditions and economic factors.

Material Feminism

Focuses on how material conditions and economic factors impact gender inequality and women's experiences.

Liberal Feminism

A branch of feminism that focuses on achieving gender equality through political and legal reform within the framework of liberal democracy.

Social Institutions

Established systems within a society that structure behavior and interactions according to collective goals and norms, such as family, education, religion, and the economy.