Question

The basis of the partnership is​

Answer 1

Answer:

The Correct Answer is mentioned below

Explanation:

Outside basis, as previously indicated, is a partner's basis in his partnership interest. The partnership's asset basis is its inside basis. Typically, the sum of each partner's outside basis equals the partnership's inside adjusted tax basis in its assets at the inception of the partnership.

Maintaining basis is important because it determines how much you may withdraw or deduct from the partnership without recognizing additional gain or without being limited on the allowable losses.

Answer 2

Answer:

the net cash that the partner has contributed to the partnership entity plus the adjusted basis of any property that the partner has also contributed to the entity.