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in the current year, the CAR Partnership received revenues of 54000 de following amounts: $160,000 in rent, utilities, wnd salaries, a $40.3600 wired payment to

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in the current year, the CAR Partnership received revenues of 54000 de following amounts: $160,000 in rent, utilities, wnd salaries, a $40.3600 wired payment to partner Ryan: $20,000 to partner Amy for consulting services, and a $40.398diaribunaon wa 295 partner Cameron. In addition, the partnership realized a 512.000 net long-term cap Cameron's basis in his partnership interest was $60.000 at the beginning of the year and uncoded his $25,000 share of partnership liabilities. At the end of the year, his shawe of pertvership liabilities was $15,000. a. How much income must Cameron report for the tax year? b. What is Cameron's basis in the partnership interest at the end of the year

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