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Mabel, Loretta, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year Revenue $ 480,000 Business

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Mabel, Loretta, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year Revenue $ 480,000 Business expenses 250, eee Investment expenses 120, eee Short-term capital gains 100, eee Short-term capital losses (142,800) Each partner receives a Schedule K-1 with one-third of the preceding items reported to her. Required: How must each individual report these results on her Form 1040? (Do not round any division, Round your final answer to the nearest whole dollar value. Negative amounts should be indicated by a minus sign.) Answer is complete but not entirely correct. Amount Schedule A $ 40,000 Schedule D S 76,6673 Schedule E - 14267

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