What is the total basis for a partner who contributes $50,000 in cash and $30,000 in equipment, with an income share of $10,000?

The total basis for a partner in a partnership consists of the cash contributed, the fair market value of any property contributed, and any income share allocated to the partner. In this scenario, the partner contributed $50,000 in cash and $30,000 in equipment, totaling $80,000. Additionally, the partner has an income share of $10,000, which increases their total basis.

To calculate the total basis, simply add the cash and equipment contributions to the income share:

• Cash contribution: $50,000

• Equipment contribution: $30,000 (assuming this is the fair market value)

• Income share: $10,000

Adding these amounts together gives:

$50,000 + $30,000 + $10,000 = $90,000

Thus, the total basis for the partner is $90,000, which makes the correct answer accurate and supports understanding how contributions and allocated income affect a partner’s basis in the partnership.