The CJ Partnership has two equal partners, Cory and Jack. In the current year, the partnership earns $380,000 of ordinary income (all business) and recognizes a $15,400 long-term capital gain. Cory is married, files a joint return, and claims a standard deduction. Other than partnership items, Cory has only a $6,100 short-term capital loss at the individual level. What is Cory's taxable income? (Ignore the deduction for one-half of self-employment tax.) View the standard deduction schedule. Schedule of Standard Deductions