In 2019, Dan contributed $10,000 to Partnership A. His share of ordinary business income was...
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Accounting
In 2019, Dan contributed $10,000 to Partnership A. His share of ordinary business income was $2,000. His QBI deduction was $400. What is his basis at the end of the year?
a) $2,000
b) $10,000
c) $11,600
d) $12,000
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