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for the made up partnership tax return what would the return look like with the trial balance and iformation provided partner tax retun form 1065
for the made up partnership tax return what would the return look like with the trial balance and iformation provided
partner tax retun form 1065 and the trial balance filling out the m-1 accounts (journal entries), ordianry income and sepeeratly stated using all the information procided.
please help im really strugaling withe the partnership
Trial Balareat 2 Interest income includes $1,760 recelved on City of Fort Collins, Colorado bonds 3 On April 3, 2021, the 120 shares of common stock in Stick, Inc, were sold. The shares were purchased on November 21, 2007, for $7,825. After the sale, the PS realized the sale had been premature, and repurchased 30 shares on April 26.2021 for $2.720. 5 All liabilities of the partnershp are recourse loans. 6 Tax depreciation totalled $100,814 for the year. Override this on the tax return. No need to prepare Form 4562 . 8 Distributions to the partners were in cash. Trial Balareat 2 Interest income includes $1,760 recelved on City of Fort Collins, Colorado bonds 3 On April 3, 2021, the 120 shares of common stock in Stick, Inc, were sold. The shares were purchased on November 21, 2007, for $7,825. After the sale, the PS realized the sale had been premature, and repurchased 30 shares on April 26.2021 for $2.720. 5 All liabilities of the partnershp are recourse loans. 6 Tax depreciation totalled $100,814 for the year. Override this on the tax return. No need to prepare Form 4562 . 8 Distributions to the partners were in cash Step by Step Solution
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