partner's adjusted basis

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  • Unregistered
    #1

    partner's adjusted basis

    Does the amount on schedule k-1(form 1065), depreciation adjustment on property placed iln service after 1986, reduce the partner's adjusted basis? Thanks in advance.
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    • jimmcg
      Senior Member
      • Aug 2005
      • 633
      #2
      It does for AMT purposes. You have a different adjusted basis for regular tax purposes.

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