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.
There is a limitation on the deduction of a partner's distributive share of partnership losses. A partner may only deduct his loss to the extent of his adjusted basis in the partnership. The excess may be deducted by the partner when that excess is repaid to the partnership.imilarly, a decrease in a partner's share of partnership liabilities decreases the partner's outside basis because the partner being relieved of liability for a share of partnership debt is considered a deemed distribution to the partner.