Today, most men wear a thin to moderately thick mustache with the beard, which is not waxed to curl upward. No hair is grown on the cheeks, so it is not a full beard. Ad. The Van Dyke is a variation of the goatee, and some also refer to the classic goatee with this name. Hair worn only on the chin may also be called a chin beard if it is very long.
A partner's basis is increased by the following items. 1  The partner's additional contributions to the partnership, including an increased share of or assumption of partnership liabilities. 2  The partner's distributive share of taxable and nontaxable partnership income.
A takes a basis in the property of $50. Âº Aâs basis is $125. Because distributed asset is a hot asset, A can only take a basis in the property equal to ABCDâs basis ($80), not Aâs $125 basis in his partnership interest.BCD has taken $50 of depreciation for Property 1, reducing partnershipâs basis in Property 1 to $250. Aâs partnership basis at liquidation is $300. â¢ Excess distribution is $200 [$500 FMV - $300 basis]. â¢ Net precontribution gain $150 [$200 built-in gain less $50 depreciation].