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Required information [ The following information applies to the questions displayed below. ] The partnership agreement of the G&P general partnership states that Gary will
Required information The following information applies to the questions displayed below. The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed payment of $ and that Gary and Prudence will share the remaining profits or losses in a ratio. For year the G&P partnership reports the following results: b Compute Gary's share of selfemployment income loss to be reported on his year Schedule K assuming G&P is a limited partnership and Gary is a limited partner.
Required information
The following information applies to the questions displayed below.
The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed payment of $
and that Gary and Prudence will share the remaining profits or losses in a ratio. For year the G&P partnership
reports the following results:
b Compute Gary's share of selfemployment income loss to be reported on his year Schedule K assuming G&P is a limited
partnership and Gary is a limited partner.
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