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heres part two of our video lecture for chapter 10 where we going to continue calculating a partners basis in his or her partnership interests now back in part 1 we had learned about calculating the beginning or the initial basis of a partner when he or she contributes assets into forming a new partnership and you can see here now theres additional adjustments were going to be making throughout the year to calculate the basis at the end of the year but as a review remember we have a partner whos going to be contributing some type of asset to the partnership maybe this asset is a building or land that has a basis to that partner a cost basis probably and its being transferred to the partnership so now the partnership has this asset basically with that same basis but the partner is getting back in exchange another asset and that asset is a partnership interest in the new partnership and the partners basis in this new asset is going to be the same generally basis of the old acid tha