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Ruby's Tax Basis in Her Partnership Interest at the Beginning

Question 35

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Ruby's tax basis in her partnership interest at the beginning of the partnership's tax year was $13,000. The following items were included in her Schedule K-1 from the partnership for the year:
Determine what amounts related to these items Ruby will report on her tax return assuming her tax basis and at risk amount are equal and that she is a material participant in the partnership's activities.

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blured image As shown in the table below, Ruby must ...

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