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QI:1-24 (book/static) s Question Help The PDQ Partnership earned ordinary income of $150,000 in 2018. The partnership has three equal partners, Pete, Donald, and Quint.
QI:1-24 (book/static) s Question Help The PDQ Partnership earned ordinary income of $150,000 in 2018. The partnership has three equal partners, Pete, Donald, and Quint. Quint, who is single, uses the standard deduction, and has other income of $15,000 (not connected with the partnership) in 2018. He receives a $30,000 distribution from the partnership during the year. What is Quint's taxable income in 2018? (lf an input field is not used, leave the input field(s) empty. Do not select a label or enter a zero. Assume that the partnership is not eligible for the QBI deduction.) (Click the icon to view the standard deduction amounts.) Adjusted gross income (AGI) Minus: Deductions from AGI: Quint's taxable income
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