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What is Joe basis at the end of the year

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Question - In January, Joe contributed $200 to Bulldog Bar, a partnership, in exchange for a 25% ownership in the partnership. Joe reported his share of partnership income of $1,000, and he took a cash distribution of $100. What is Joe's basis at the end of the year?

a. $1,100

b. $200

c. $1,450

d. 0

Reference no: EM132454172

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