Larry and moe of the partnership in the prior question admit curly to the partnership which is renamed the lmc partnership. the total value of the partnership was $120,000 on december 31, 2018. on january 1, 2019, curly contributed $40,000 to the partnership, and curly’s partnership capital account was credited with $40,000. assume that the partnership’s ordinary net income for 2019 will be $60,000. as of december 31, 2019, curly’s basis in his partnership interest and his 2019 income taxable income from the partnership would be:

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you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

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