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Separately stated items were incorrectly included in ordinary income for REX partnership. Of the revenue items listed, what is the total amount of partnership items
Separately stated items were incorrectly included in ordinary income for REX partnership. Of the revenue items listed, what is the total amount of partnership items that must be separately stated? Dividend income $ 5,000 Investment income 17,000 Ordinary income from other partnerships 29,000 Tax-exempt income 32,000 Net farm profit 44,000 Royalties 11,000 Cancellation of debt 20,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
