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The partnership agreement of the G&P general partnership states that Gary will receive, a guaranteed payment of $15,100, and that Gary and Prudence will share

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The partnership agreement of the G\&P general partnership states that Gary will receive, a guaranteed payment of $15,100, and that Gary and Prudence will share the remaining profits or losses in a 45/55 ratio. For year 1, the G\&P partnership reports the following results: Note: Negative amounts should be indicated by a minus sign. Problem 20-61 Part b (Algo) b. Compute Gary's share of self-employment income (loss) to be reported on his year 1 Schedule K.1, assuming G\&P is a limited partnership and Gary is a limited partner

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