Indicate whether each of the following will increae (+), decrease (-), or have n

ID: 2499779 • Letter: I

Question

Indicate whether each of the following will increae (+), decrease (-), or have neither (NE) on a partner's basis in a partnership interest:

a. Operating loss of the partnership.

b. Capital gains of the partnership.

c. Tax-exempt income of the partnership.

d. Partnership expenditures that are not deductible in computing taxable income.

e. Bank loans made to the partnership.

f. The partnership pays off a mortgage on property it owns.

g. Withdrawals by a partner that are not guranteed payments.

h. Withrawals by a partner that are guranteed payments.

a. Decrease

b. Increase

C. No Effect

D. Decrease

E. No Effect