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What is joe basis at the end of the year

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Problem 1: In January, Joe contributed $200 to Bulldog Bar, a partnership, in exchange for a 20% interest in the partnership. Joe reported his share of partnership income of $1,700, nondeductible expenses of $55, and he took a cash distribution of $100. What is Joe's basis at the end of the year?

Reference no: EM132915256

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