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.
Full Definition of EVOLVE. transitive verb. 1. : emit. 2. a: derive, educe b: to produce by natural evolutionary processes. intransitive verb. : to undergo evolutionary change. â evolvÂ·able \-Ëvael-ËvÃ¤l-vÉ, -bÉl-ËvoÌl -also-Ëvae- ËvÃ¤ -vÉ-or-\ ËvoÌ. vÉ adjective