unreported partnership expenses

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Bucky
    Senior Member
    • Aug 2005
    • 291
    #1

    unreported partnership expenses

    if the partner does not have basis left can he take UPE expenses. The expenses relate to unreimbursed mileage.

    Thanks
    Mark
    Tags: None
    • JON
      Senior Member
      • Jul 2005
      • 1265
      #2
      Sure

      UPE s are paid with his dollars which means basis. What kind of partner and partnership is it that limits his basis.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...