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Sheena Maskell Sheena Maskell
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7 years ago
The AAA Partnership makes an election to be an Electing Large Partnership. The partnership reports the following activities for 2008, a year in which there are no passive activities:
Ordinary income   $150,000
Sec. 1231 gain   75,000
Tax-exempt income   20,000
Net long-term capital loss   65,000
Charitable contributions   25,000

What are the amounts reported by AAA to the partners on Schedule K-1 for inclusion on their individual tax returns?
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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MsLippyMsLippy
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Sheena M. Author
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7 years ago
Really helped
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