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and Becky form the JB partnership. Each owning 50% of the interest. During the current year. JB reported the following: gross sales short term
and Becky form the JB partnership. Each owning 50% of the interest. During the current year. JB reported the following: gross sales short term capital gain Interest Income charitable contribution Dividend Income Investment Interest Expense Required: 480,000 18,000 15,000 15,000 55,000 a. Prepare Page 1 of F1065 b. Prepare the Schedule K. Repairs & Maintenance Guaranteed payments to each partner Cash Distribution to Jim Payment of Becky's medical bills Sales Returns and Allowance IRC 179 deduction 25,000 35,000 20,000 12,000 5,000 6,000
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Taxation For Decision Makers 2014
Authors: Shirley Dennis Escoffier, Karen Fortin
6th Edition
978-1118654545
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