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The Boulder Z Ltd. partnership uses a fiscal year ending September 30th. Marcus, a calendar-year end partner, received a guaranteed payment of $12,000 on November
The Boulder Z Ltd. partnership uses a fiscal year ending September 30th. Marcus, a calendar-year end partner, received a guaranteed payment of $12,000 on November 18, 2021 and a guaranteed payment of $9,000 on December 1, 2022. Marcus' share of Boulder Z Ltd.'s income for the year ended September 30, 2021 is $25,000 and for the year ended September 30, 2022 is $35,000.
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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts
Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
45th Edition
0357519248, 978-0357519240
