Can a recourse debt of a partnership increase the basis of a limited partner's partnership interest? Explain. | eBooks | Education

Can a recourse debt of a partnership increase the basis of a limited partner's partnership interest? Explain.

Can a recourse debt of a partnership increase the basis of a limited partner's partnership interest? Explain. PLDZ-4313 Free
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Can a recourse debt of a partnership increase the basis of a limited? partner's partnership? interest? Explain.

https://uopcourses.com/category/acc-455/

 

Can a recourse debt of a partnership increase the basis of a limited? partner's partnership? interest? Explain.

?No, because a limited partner normally has no economic risk for recourse debt.

 

?Yes, because a limited? partner's basis in his or her partnership interest is dependent upon any debt or income the partnership acquires.

?Yes, because a limited partner normally has a large economic risk for recourse debt.

?No, because a limited? partner's basis in his or her partnership interest is based primarily on the profit ratio.

 

 

 

 

 

 

 

 

 

  

Can a recourse debt of a partnership increase the basis of a limited? partner's partnership? interest? Explain. https://uopcourses.com/category/acc-455/ Can a recourse debt of a partnership increase the basis of a limited? partner's partnership?
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