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. a. If Otter is a partnership, it will report net ordinary business income (loss) of $ receive and each will report net profit of

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a. If Otter is a partnership, it will report net ordinary business income (loss) of \$ receive and each will report net profit of $ X . The 20%/15%/0% preferential tax rate applies to on its Form 1065. Ellie and YiLing will and separately stated long-term capital gain of $

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. a. If Otter is a partnership, it will report net ordinary business income (loss) of $ receive and each will report net profit of

. a. If Otter is a partnership, it will report net ordinary business income (loss) of \$ receive and each will report net profit of $ X . The 20%/15%/0% preferential tax rate applies to on its Form 1065. Ellie and YiLing will and separately stated long-term capital gain of $

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a. If Otter is a partnership, it will report net ordinary business income (loss) of \$ receive and each will report net profit of $ X . The 20%/15%/0% preferential tax rate applies to on its Form 1065. Ellie and YiLing will and separately stated long-term capital gain of $