Which of the following items do not have to be reported separately on a partnership return? a.

Question:

Which of the following items do not have to be reported separately on a partnership return? 

a. Tax-exempt income 

b. Casualty gains and losses

c. Interest on business loan 

d. Capital gains and losses

e. Charitable contributions

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

Question Posted: