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For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5,000 interest income, $600 charitable contribution and $18,000 Section 179 deduction. Pat is a
For the tax year, OPQ Partnership reported $42,000 net ordinary income, $5,000 interest income, $600 charitable contribution and $18,000 Section 179 deduction. Pat is a general partner who owns 20% interest in OPQ. She received $12,000 guaranteed payment and $0 distributions during the year. What is the amount of Pat's self-employment income from OPQ? a. $4,680 b. $4,800 c. $8,400 d. $16,800
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