Corduroy Frog Posted November 12, 2021 Report Share Posted November 12, 2021 Loans guaranteed by partners can add to the basis of partnership. A stark difference between this and S corps. Is this true of the loan is from a related party? Thanks in advance Quote Link to comment Share on other sites More sharing options...
jklcpa Posted November 12, 2021 Report Share Posted November 12, 2021 (edited) Is the debt recourse, nonrecourse, or qualified nonrecourse? https://www.thetaxadviser.com/issues/2016/nov/basis-for-bad-boys.html Edited November 12, 2021 by jklcpa added link to article Quote Link to comment Share on other sites More sharing options...
Corduroy Frog Posted November 12, 2021 Author Report Share Posted November 12, 2021 Thanks Judy - strictly non-recourse. Quote Link to comment Share on other sites More sharing options...
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