hrrisoncpa
Level 3
01-24-2021
11:21 AM
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May I add a related question, please? I have a situation where Partner A purchased the interests of a few other partners. I see where screen 29 can be used to transfer the outgoing partners' Capital Accounts to Partner A. However, I know I need to increase Partner A's outside basis by the amount he paid for the other partners' interests. I don't see anyplace in Screen 9.2 that allows for this type of increase to outside basis. Is here some other place to adjust the outside basis?