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Priscilla and Leana are equal partners in the PL Partnership. Priscilla receives a guaranteed payment of $70,000. In addition to the guaranteed payment, Priscilla withdraws

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Priscilla and Leana are equal partners in the PL Partnership. Priscilla receives a guaranteed payment of $70,000. In addition to the guaranteed payment, Priscilla withdraws $10,000 from the partnership. The partnership has $125,000 in ordinary income during the year. 17. Priscilla's self-employment income Priscilla's basis at year end

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