Which of the following does not adjust a partner's basis?
A) Ordinary business income (loss).
B) Tax-exempt income.
C) Change in amount of partnership debt.
D) All of the choices adjust a partner's basis.

Name: Which of the following does not adjust a partner's basis? A) Ordinary business income (loss). B) Tax-exempt income. C) Change in amount of partnership debt. D) All of the choices adjust a partner's basis.
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Question

Quizplus · Accepted Answer

All of the choices listed adjust a partner's basis in a partnership.

Which of the Following Does Not Adjust a Partner's Basis