Changes in the liabilities (trade accounts payable, bank loans, etc.) of a partnership will not affect the basis of a partnership interest.

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Changes in the liabilities of a partnership, such as trade accounts payable and bank loans, do affect the basis of a partnership interest. An increase in partnership liabilities can increase a partner's basis in the partnership, while a decrease in liabilities can decrease the basis.

Changes in the Liabilities (Trade Accounts Payable, Bank Loans, Etc