CPAnet Forum: Conduits basis question!!

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Topic: Conduits basis question!! (

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bencc
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Joined: 27 Apr 2011
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Posts: 1

Posted: 27 Apr 2011 at 11:56 \| IP Logged

A partnership's total inside basis exceeds the partners' combined total outside bases, yet the partnership assets presently reflect unrealized appreciation. Under what circumstances could this happen?

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