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22. Aston and Villa are 50% general partners of Bombo Partnership. Aston and Villa each have an adjusted basis of $50,000. Bombo Partnership had $60,000
22. Aston and Villa are 50% general partners of Bombo Partnership. Aston and Villa each have an adjusted basis of $50,000. Bombo Partnership had $60,000 of income during the current year. What is Aston's ordinary income for the current year? 23. Grendel Corporation owns 25% of Chippy Corporation. Chippy Corporation paid a dividend to Grendel this year of $20,000. How much of a dividends-received deduction will Grendel be able to take on its tax return
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