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Hugh George is a 40% partner in the Hammond & George Partnership. During 2022, the partnership reported the total items below (100%) on its

 

Hugh George is a 40% partner in the Hammond & George Partnership. During 2022, the partnership reported the total items below (100%) on its Form 1065: View the items on the Form 1065. View more information. View the tax rate schedule for the Married Filing Joint filing status. View the capital gain rates for 2022. Read the requirement. View the Standard Deduction amounts. Adjusted gross income (AGI) CO First calculate the adjusted gross income (AGI), then calculate taxable income, and finally calculate the balance due/refund. (Calculate the tax using the tax rate schedule. Do not round intermediary calculations. Only round the amounts you enter in the input fields to the nearest whole dollar. Enter a refund using a minus sign or parentheses. If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Items on Form 1065 Ordinary income Qualified dividends Long-term capital loss Long-term capital gain Charitable contributions Cash distributions to partners $ 160,000 11,000 (9,000) 20,000 6,500 110,000

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