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la part partnership intern e of many and the usted basis of other property diskuted to the partne Question 33 of 75. Sam Jayden and
la part partnership intern e of many and the usted basis of other property diskuted to the partne Question 33 of 75. Sam Jayden and Deva formed O ral partnershi p s Ramone contributed 155,00 ayden contributed $25,000 cash and property with an adjusted basis of 525.000 anda FMV of $35.000. Der contributed property with an adjusted basis of $38.000 and a FMV of $55.000, The partnership had 160.000 income for the year. What is Jayden's ending tax capital account? $50.000 300.000 $70.000 000 Mark for follow up Question 34 of 75. Under a partnership agreement, Vivian Burnett is to receive 25% of the partnership's income, but not le The partnership's net income for this year was $35.000. What amount can the partnership deduct as a payment and what amount of income is Vivian required to report on her individual tax return? Partnership deduction $3.000. Vivian's income: $12,000 O Partnership deduction: $3,000. Vivian's income: 521.000 O Partnership deduction: $12.000, Vivian's income:59,000 O Partnership deduction: $12.000. Vivian's income $21.000 Mark for follow up Question 35 of 75. Jane O'Neil owns a 50% interest in partnership J&B. She contributes a computer system with a F adjusted basis of $10,000 to the partnership. The partnerships basis in the computer system w Jane's outside basis will increase by $10,000, 510,000 $10,000 $15,000 $15,000 $10,000 $15,000 $15,000
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