Which of the following decreases a partners basis in the, Ask an Expert

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Which of the following decreases a partner's basis in the partner's partnership interest?

a. Additional contributions the partner makes during the year.

b. The partner's allocable share of tax-exempt income.

c. The partner's allocable share of partnership items of income and gain.

d. Cash distributions to the partner during the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940597

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