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2 part question Georgio owns a 20 percent profits and capital interest in Rain Tree LLC. For the current year, Rain Tree had the following
2 part question
Georgio owns a 20 percent profits and capital interest in Rain Tree LLC. For the current year, Rain Tree had the following revenues, expenses, gains, and losses: "Assume the $179 property placed in service limitation does not apply. a. How much ordinary business income (loss) is allocated to Georgio for the year? b. What are Georgio's separately stated items for the yearStep by Step Solution
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