Which one of the following items does NOT affect the calculation of the adjusted cost base of a partnership interest?
A)The non-allowable portion of a capital loss on the sale of a partnership asset.
B)Dividends received by the partnership.
C)Interest on funds borrowed by a partner to make a capital contribution.
D)A charitable donation made by the partnership.

Question

Quizplus · Accepted Answer

Interest on funds borrowed by a partner to make a capital contribution is a personal expense of the partner and does not affect the adjusted cost base of the partnership interest.

Which One of the Following Items Does NOT Affect the Calculation