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Capital Basis

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    Capital Basis

    Ok, tax software has forms for partner analysis and basis (which I know is different). On the basis summary I see the increase for share of liabilities and investments, then a decrease of over half that and I have no idea why. I am trying to determine whether or not all of the Partnership loss will be deductible for them personally. Help!

    #2
    Nevermind! I figured out that it was already applying the share of Partnership loss! Thanks Anyway!

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