Anna invested $100,000 this year to purchase a 30% interest in the AKM Partnership. The partnership reported $180,000 of net income from operations, a $3,000 short-term capital loss, and a $6,000 charitable contribution. In addition, the partnership distributed $20,000 to Anna and $12,500 each to partners Kelly and Maggie. Assuming the partnership has no beginning or ending liabilities, what is AnnaΓ’ΒΒs basis in her partnership interest at the end of the year
Anna invested $100,000 this year to purchase a 30% interest in the AKM Partnership
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