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the basis of a partners pardnership interest is increased by

the basis of a partners pardnership interest is increased by
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Answer-

The basis of a partner's partnership interest is increased by :

The partners distributive share of taxable and nontaxable income of the partnership.

The basis of a partner's partnership interest is increased by the following reasons

- Additional contribution by the partner to the partnership

- The partner's share of partnership taxable income, tax-exempt income,

- Increase in the partner's share of partnership liabilities.

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