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.
F receives a nonliquidating distribution when the basis of F's partnership interest is $24,000. The distribution consists of $5,000 in cash and property with an adjusted basis to the partnership of $17,300 and a fair market value of $21,500. F's basis in the partnership after the distribution is.