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The 415c limit is $49,000. This includes all pretax, aftertax, roth, catch up contributions, and employer match. There's not a maximum specifically for aftertax.
The basis is whatever money and tangible property you invested into the partnership. Time worked does not count as a basis. You have to keep up with the basis in order to calculate the profit or loss when the partnership is sold or divided. The basis does not have to be the selling price but is only used for tax calculations. Often a business has built up what the IRS terms Goodwill. This is their reputation, location, value of client list, etc.
alms
owner's contributed money
15700
Chipped In
Time, Talent and Money!
$6000 for 2008
Until the 21st century; it was the grunt. It is (or was) the infantryman that formed the basis of an army.
Concrete as a basis of construction.
Incumbents.
a word that means to have two metals as the basis of money is coinage as opposed to paper bills that which are called banknotes.