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Premier Partners, a property management business, incurred the following expenses during the year. Which of these should be reported as a trade or business activity
Premier Partners, a property management business, incurred the following expenses during the year. Which of these should be reported as a trade or business activity deduction on Form US Return of Partnership Income?
Charitable contributions made to a qualifying nonprofit.
Contributions made to a partner's retirement plan.
Guaranteed payments to partners.
Penalties assessed for violating local housing codes.
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