The partnership gave him a 75000 distribution in 2014 what, Financial Accounting

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The partnership gave him a 75000 distribution in 2014 what

Jim's basis at the beginning of 2014 in his partnership is $200,000. His share of the 2014 income is $60,000. The partnership gave him a $75,000 distribution in 2014. What is his new basis in the partnership, assuming the distribution is a non-liquidating distribution?

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Financial Accounting: The partnership gave him a 75000 distribution in 2014 what

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