FFA EA Book Reference: CH 14 Partnerships
Subsection: Partnerships
Subject: Basis of partner's interest
2. Explanation:
Ben's ratable share of the partnership's interest income for 2011 is not affected by the sale of
part of his partnership interest to another partner in 2012 (although his earnings for the 2012
year and FUTURE basis may be). His ratable share for the $12,000 interest income for 2011 is
$6,000.
Correct Answer: B
FFA EA Book Reference: CH 14 Partnerships
Subsection: Partnerships
FFA EA Book Reference: CH 14 Partnerships
Subsection: Partnerships
Subject: Family partnerships
FFA EA Book Reference: CH 14 Partnerships
Subsection: Partnerships
