The following five problems are math related. Show your work. Tom invested $20,0

Question

The following five problems are math related. Show your work. Tom invested $20,000 m a limited partnership His share of liabilities from mortgage debt was initially $45,000. 1 he property suffered a loss in income during the first year, of which share was $5.onn However. in years two through four income allocated from the account equaled a total of $9,000 ($3,000 per year) the reduction in debt at the end of year 4 from amortization of the loan is equal to $1,100. What is Tom's basis in the partnership interest at the end of year 4?

Explanation / Answer

$67,900

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