AndrewsBadin, and Carr formed a partnership ABC During Year 2the partnership sold some land that was held for investment and generated a longte capital gainHow will this income be reported on the partnersindividual tax returns? The income will retain character and beeported as a longterm capital The income will be combined with the profit generated by the partnership and through to the partners as ordinary Income The partnership pay the tax due on the longterm capital gain rather than allocate it to the partners The Income will be reported on the partners tax returns only they receive the proceeds from the sale