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The EEL Partnership earned ordinary income of $195,000 in 2017, The partnership has three equal partners, Ethan, Eric, and Logan. Logan, who is single, uses
The EEL Partnership earned ordinary income of $195,000 in 2017, The partnership has three equal partners, Ethan, Eric, and Logan. Logan, who is single, uses the standard deduction, and has other income of $19,000 (not connected with the partnership) in 2017. He receives a $33,000 distribution from the partnership during the year. What is Logan's taxable income in 2017? (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Click the lcon to view the standard deduction and personal and dependency exemption amounts.) Allocable share of EEL Partnership income Other taxable income Adjusted gross income (AGI) Minus: Deductions from AG Standard deduction Personal and dependency exemptions Logan's taxable income
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