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Samantha is a 30% general partner in the calendar year, cash basis Carillon Ringers Partnership. Her basis in her partnership interest at the beginning of

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Samantha is a 30% general partner in the calendar year, cash basis Carillon Ringers Partnership. Her basis in her partnership interest at the beginning of 2013 was $100,000. The partnership has no debts. During 2013, the partnership received $175,000 income from services and paid the following amounts: Rent Expenses $17,000 General and Administrative Expenses $25,000 Salary Expenses to employees $36,000 Guaranteed Pa ment to Samantha for manaement services $27,000 Distributions to partners (Samantha received $4,500) $16,000 Guaranteed Payment to 40% partner Warren for annual Tax and Accounting Services $15,000 _ Charitable Contribution to United Way $5,000 _ What is Carillon's ordinary income and separately stated items? What will Samantha report on her tax return as a result of Carillon's activities? What is Samantha's end of year basis in her partnership interest

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