Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
r
3
e
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
safezone safezone
wrote...
Go to Answer
Posts: 782
Rep: 67 0
7 years ago
The XYZ Partnership reports the following operating results for the current year:

Net long-term capital loss   ($40,000)
Net Sec. 1231 loss   ( 16,000)
Ordinary income   50,000

Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership. His distributive share of ordinary income is
A) $6,800.
B) $8,500.
C) $10,000.
D) $12,500.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
Read 259 times
1 Reply
That's not philosophy, it's geometry
Replies
Answer verified by a subject expert
strwbrrystrwbrry
wrote...
#1
Top Poster
Posts: 541
Rep: 15 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

Related Topics

safezone Author
wrote...

7 years ago
Just got PERFECT on my quiz
TheMoffattMan
wrote...

Yesterday
You make an excellent tutor!
jmendoza
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1259 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 439
  
 213
  
 161
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: Which is the best fuel for late night cramming?