1. 25 Outside Basis §722: Example SBP Partnership Bill 1/3 Partner Bill’s Outside Basis = ? F-$20,000 B-$15,000 15,000 click when ready Click to Advance

2. 25 SBP Partnership Bill 1/3 Partner Pship’s Inside Basis = ? F-$20,000 B-$15,000 15,000 click when ready Click to Advance Inside Basis §723: Example

3. 30 Inside Basis Click to Advance Balance Sheet SBP Partnership

4. Balance Sheet SBP Partnership 31 Outside Basis Click to Advance

5. 32 Book Value or Book Basis Balance Sheet SBP Partnership Click to End