beneficiaryâs share of inside basis in partnership assets and his outside basis in the partnership interest. An optional basis adjustment can increase the partnershipâs basis in property transferred upon a partnerâs death to its estate tax value. The Economic Growth
â¢ AVERMENT (noun). The noun AVERMENT has 1 sense: 1. a declaration that is made emphatically (as if no supporting evidence were necessary). Familiarity information: AVERMENT used as a noun is very rare.
At least since the early 19th Century, what we mean by âvermouthâ is a refinement incorporating the most desirable elements of both these older wines and various other traditions: a moderately sweet, herbacious, compounded beverage. Wormwood remains vermouthâs starting point: its principal, defining botanical.