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Raven is a partner in RKW partnership. Raven owned 50% from January 1, 2021 through April 30, 2021, when she bought Kevin's 25% interest. She
Raven is a partner in RKW partnership. Raven owned 50% from January 1, 2021 through April 30, 2021, when she bought Kevin's 25% interest. She owned 75% for the rest of the year (assume a 365-day year). The partnership had ordinary income of $150,000 and $25,000 in long-term capital gains. Barring any special allocations in a partnership agreement, Raven's share of the income items is: Note: Round the answers up to the nearest whole dollar
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