inal Project: Final Research Paper
September 16, 2020
Read the article and answer the questions
September 16, 2020

X is the general partner with a 20% interest, and Y is the limited partner with an 80% interest in the XY Partnership. How is X’s basis affected if Y guarantees a partnership nonrecourse loan of $50000 to the bank? (Assuming no waiver or additional contribution requirements exist)

  • X gets a $10000 increase in basis
  • X gets a $40000 increase in basis
  • X gets a $50000 increase in basis
  • X gets no increase in basis

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X is the general partner with a 20% interest, and Y is the limited partner with an 80% interest in the XY Partnership. was first posted on September 16, 2020 at 4:27 pm.
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