George pays $10,000 for a 20% interest in a general partnership, which has recourse liabilities of $

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 George pays $10,000 for a 20% interest in a general partnership, which has recourse liabilities of $20,000. The partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. George's basis in his partnership interest is



A.

$12,000.



B.

$14,000.

 



C.

$10,000.



D.

$30,000.

 
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