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.
No loss can be recognized in a nonliquidating distribution and the adjusted basis carries over as the partner's (receiving the distribution) basis. Example: John has a $20,000 basis in the partnership interest. He receives a nonliquidating distribution of $6,000 in cash and property with an adjusted basis of $12,000. John's partnership interest is $2,000 after the distributions ($20,000 less $6,000 less $12,000).