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Need a calculation and answer for part 2, please. Enercio contributes $143,000 in exchange for a 40% interest in the calendar year ABC LLC, which
Need a calculation and answer for part 2, please.
Enercio contributes $143,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This year, the LLC generates $114,400 of ordinary taxable income and has no separately stated income or expenses. Enercio withdrew $14,300 from the partnership during the year. If an amount is zero, enter "0". Enercio is taxed on what amount of ABC in income? q How much of the $14,300 withdraw will Enercio be taxedStep by Step Solution
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