=+I:1-45 Partnership Income. Howard Gartman is a 40% partner in the Horton & Gartman Partnership. During 2020,

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=+I:1-45 Partnership Income. Howard Gartman is a 40% partner in the Horton & Gartman Partnership. During 2020, the partnership reported the total items below (100%) on its Form 1065:

Ordinary income $180,000 Qualified dividends 10,000 Long-term capital loss (12,000)

Long-term capital gain 28,000 Charitable contributions 4,000 Cash distributions to partners 150,000

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Pearsons Federal Taxation 2021 Individuals

ISBN: 9780135981412

34th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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Question Posted: Oct 12, 2024 06:00 AM

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=+I:1-45 Partnership Income. Howard Gartman is a 40% partner in the Horton & Gartman Partnership. During 2020,

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Pearsons Federal Taxation 2021 Individuals

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