What is the correct order for applying the following three items to adjust a partner's tax basis in his partnership interest: (1)Increase for share of ordinary business income, (2)Decrease for share of separately stated loss items, and (3)Decrease for distributions?
A)1, 3, 2
B)1, 2, 3
C)3, 1, 2
D)2, 3, 1

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The Answer of What is the correct order for applying the following three items to adjust a partner's tax basis in his partnership interest: (1)Increase for share of ordinary business income, (2)Decrease for share of separately stated loss items, and (3)Decrease for distributions?
A)1, 3, 2
B)1, 2, 3
C)3, 1, 2
D)2, 3, 1

What Is the Correct Order for Applying the Following Three