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

1, 2, and then 3

Explanation:

To adjust a partner's basis in the partnership, first increase the basis for a share of ordinary business income as this adds to their interest.

Then decrease for share of separately stated loss items as these are losses and will reduce the basis. Finally decrease the basis for any distributions because distributions reduce a partner's interest.

a is the correct answer, tell me if im right

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi