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This year, Pau's distributive share from Silver & Black Partnership includes $2,173 of interest income, $3,156 of net long-term capital gains, $3,984 net section
This year, Pau's distributive share from Silver & Black Partnership includes $2,173 of interest income, $3,156 of net long-term capital gains, $3,984 net section 1231 gain from the sale of property used in the partnership's trade or business, and $24,548 of ordinary business income. Assume that Pau materially participates in the partnership. How much of his distributive share from Silver & Black Partnership is potentially subject to the net investment income tax?
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Principles Of Taxation For Business And Investment Planning 2016 Edition
Authors: Sally Jones, Shelley Rhoades Catanach
19th Edition
1259549259, 978-1259618536, 1259618536, 978-1259549250
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