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. Typical MACRS depreciation.

c. Employee salaries expense.

d. Insurance expense.

e. Guaranteed payments to a partner.

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...

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