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Exercise 21-17 (LO. 2) Enercio contributes $100,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership.
Exercise 21-17 (LO. 2) Enercio contributes $100,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This year, the LLC generates $80,000 of ordinary taxable income. Enercio withdrew $10,000 from the partnership during the year If an amount is zero, enter "O". Enercio is taxed on what amount of ABC's income? How much of the $10,000 withdraw will Enercio be taxed
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