The tax basis for an investor in a limited partnership that establishes the maximum loss deduction is:

. I, II, III, IV

Explanation:

Here is the completed question:

The tax basis for an investor in a limited partnership that establishes the maximum loss deduction includes:

I original investment

II partnership debt assumed

III distributive share of partnership gains

IV distributive share of partnership losses

A. I only

B. I and II only

C. III and IV only

D. I, II, III, IV

It should be noted that an investor that is in a limited partnership will out forward a "tax basis" whereby there's limit limit for tax deductions that are allowed.

Therefore, the tax basis for an investor in a limited partnership that establishes the maximum loss deduction is original investment, partnership debt assumed, distributive share of partnership gains and the distributive share of partnership losses.

b, fewer problems later! good luck

the answer is a. $209,000