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-Provide a detailed explanation about the underlying rationale of why some items of income, gain, expense, etc., are separately stated from a partnerships ordinary business
-Provide a detailed explanation about the underlying rationale of why some items of income, gain, expense, etc., are separately stated from a partnerships ordinary business income. List six examples of separately stated items.
-Provide a detailed explanation comparing and contrasting the non-tax differences among a "general partnership (GP)", "limited liability partnership (LLP)," "limited partnership (LP)", and "limited liability limited partnership (LLLP)."
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