Partnership interest at the end of the year

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Reference no: EM13132951

Roger is a 30% partner in the roc partnership. at the beginning of the tax year. roger's basis in partnerhips interest was $60,000, including his share of partnership liabilities. during the current year, roc reported a ent ordinary income of $40,000. in addition, roc distributed $5,000 to each of the partners ($15,000 total). At the end of the year, roger's share of partnership liabilities increased by $20,000. roger's basis in the partnership interest at the end of the year is:

a. 60,000

b. 75,000

c. 87,000

d. 120,000

e. none of the above

Reference no: EM13132951

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