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Which of the following is NOT true? A.A partner's outside basis can be less than...

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Accounting

Which of the following is NOT true?

A.A partner's outside basis can be less than zero.

B.Book capital and tax capital accounts can have a negative balance. C.

Book capital accounts typically reflect the FMV of property contributed.

D.Tax capital accounts reflect the partnership's adjusted basis of property at the date of distribution.

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