Partner loan to the partnership

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  • #3308762
    KuanW
    Participant

    Hello everyone,

    Could anyone kindly clarify the treatment regarding a partner loan to partnership. As the partner's basis increases by the proportion of his/her interest in the partnership when the partnership's liabilities go up. Is it the same case when a partner loan to a partnership?

    I've seen different answers that when a partner loan to partnership, the loan is allocated 100% to the lending partner rather than allocation between each partner.

    Please kindly advise.

    Thanks

    #3309004
    monikernc
    Participant

    Roger has a great free youtube video that explais this. Can’t post the link but easy to find.

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