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Business, 13.07.2019 03:10 0139236

Daniel acquires a 30% interest in the ppz partnership from paolo, an existing partner for $39,000 of cash. the ppz partnership has borrowed $10,000 of recourse liabilities as of the date daniel bought the interest. what is daniel's basis in his partnership interest?

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Daniel acquires a 30% interest in the ppz partnership from paolo, an existing partner for $39,000 of...
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