Partnership Basis
Tuesday, January 24, 2012 at 12:16PM
[Your Name Here] in Basis-of-a- Partnership, Partnership Update (Form 1065), S-Corporation Update (Form 1120S)

The original contribution of cash to the partnership creates the original cost basis of the partnership. This simple example is generally only time that the outside basis (cost) and the inside (cost) are the same amount.

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