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Question 70 of 75. A donor can obtain a filing extension for a gift tax return which allows: Automatic four-month extension. O Automatic six-month extension.

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Question 70 of 75. A donor can obtain a filing extension for a gift tax return which allows: Automatic four-month extension. O Automatic six-month extension. Six-month extension if there is reasonable cause. Four-month extension if there is reasonable cause. Question 72 of 75. Eileen and Sara began the Bean Buzz coffee shop in 2016 as equal partners. In 2018, their financial records included the following: $113,582 in gross receipts. $30.467 in purchases. $3,042 in beginning inventory. $2,788 in inventory at the end of 2018 $21.594 in salaries for the baristas. $6,429 in general supplies. $846 for business insurance. $3,599 for a new office desk purchased on July 1, 2018 for which they did not elect bonus depreciation or a Section 179 deduction ny distributions 10.000 and Sara recely sara's Schedule K. Eileen and Sara did not take any distributions for 2018. However, they each have a guaranteed payment as a result of the capital they contributed. Eileen receives $10,000 and Sara receives $12,000. What is the amount included in Box 14 of Elleen's Schedule K-1? What is the amount included in Box 14 of Sara's Schedule K-1? Schedule K-1, box 14 - Eileen - $15,739, Sara - $15.739 O Schedule K-1, box 14 - Eileen - $26,724, Sara - $26.723 O Schedule K-1, box 14 - Eileen - $25,739, Sara - $27,739 Schedule K-1, box 14 - Eileen - $30,634, Sara - $30,633 Mark for follow up

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