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Juan Diego began the year with a tax basis in his partnership interest of $ 5 4 , 0 0 0 . During the year,
Juan Diego began the year with a tax basis in his partnership interest of $ During the year, he was allocated $ of partnership ordinary business income, $ of $ losses, and $ of shortterm capital losses and received a cash distribution of $ Note: Do not round Intermedlete caleulations. a What items related to these allocations does Juan Diego actually report on his tax return for the year? Hint See Regulations $ d and Revenue Rule
Juan Diego began the year with a tax basis in his partnership interest of $ During the year, he was allocated
$ of partnership ordinary business income, $ of $ losses, and $ of shortterm capital losses and
received a cash distribution of $
Note: Do not round Intermedlete caleulations.
a What items related to these allocations does Juan Diego actually report on his tax return for the year? Hint See Regulations $
d and Revenue Rule
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