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  3. at the beginning of the current year, james basis

at the beginning of the current year, James basis in her partnership interest was $85,000....

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Accounting

at the beginning of the current year, James basis in her partnership interest was $85,000. At the end of the year, Delphina received a k-1 from the partnership that showed the following: increase in share of partnership liabilites 10,400 cash distribution 11,000 partnership ordinary income 17,500 guaranteed payment 20,000 interest income 2,000 short term capital loss 3,400 charitable contribution 300 non deductible expenses 1,800 based on these facts: what is James basis in her partnership interest at the end of the year? A. $80,200 B. $109,400 C. $78,400 D. $98,400 E. $100,200

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