Just-Lisa-Now-
Level 15
01-01-2020
09:40 PM
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@jbdaigle1102 wrote:
so basically the entering partner cannot deduct the $40k ?
Correct, the entering partner does not get a deduction for his 40k investment until he disposes of the investment.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪