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Required information [The following information applies to the questions displayed below] Georgio owns a 20 percent profits and capital interest in Rain Tree LLC. For

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Required information [The following information applies to the questions displayed below] Georgio owns a 20 percent profits and capital interest in Rain Tree LLC. For the current year, Rain Tree had the following revenues, expenses, gains, and losses: -Assume the 179 property placed in service limitation does not apply. a. How much ordinary business income (loss) is allocated to Georgio for the year? a. How much ordinary business income (loss) is allocated to Georgio for the year? Georgio owns a 20 percent profits and capital interest in Rain Tree LLC. For the current year, Rai revenues, expenses, gains, and losses: 'Assume the $179 property placed in service limitation does not apply. b. What are Georgio's separately stated items for the year

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