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.
EXAMPLE 7: A and B are equal partners in the AB Partnership. A capital asset having an adjusted basis and book value of $6,000 and fair market value of $16,000 is distributed to A. At the time of the distribution, each partner has a capital account and outside basis of $8,000.