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Karen has a 36% interest in the Truumaa Partnership. She is to receive a guaranteed payment for services of $60,000. The partnership reports $30,000 of
Karen has a 36% interest in the Truumaa Partnership. She is to receive a guaranteed payment for services of $60,000. The partnership reports $30,000 of ordinary. income and a $100,000 long-term capital gain before deducting the guaranteed payment. What is her income from the partnership
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