Which of the following items is generally reported separately on a partnership return? a. Ordinary income from
Question:
Which of the following items is generally reported separately on a partnership return?
a. Ordinary income from the operations of the partnership business
b. Bonus depreciation.
c. Interest expense on business debts.
d. Net rental income.
e. Factory rent expense.
PartnershipA 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...
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Related Book For 
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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