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.
(However, a partner's deduction for his or her distributive share of a loss may be limited. See Limits on Losses, later.) These items are reported to the partner on Schedule K-1 (Form 1065). The following discussions explain how partnership items are treated on a partner's return.ach partner's basis is: 1  Increased by his or her share of the partnership income from the cancellation of debt (whether or not the partner excludes the income), and. 2  Reduced by the deemed distribution resulting from the reduction in his or her share of partnership liabilities.