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In the current year, a partnership distributes $20,000 to parther X who has a 50% capital and profits interest in the partnership. The partnership earns

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In the current year, a partnership distributes $20,000 to parther X who has a 50% capital and profits interest in the partnership. The partnership earns $50,000 of ordinary income. What income must Partner X include in their tax return? 545000 550.000 $25.000 $20.000

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