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Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue $ 6 0 , 5 0 0 Long - term capital
Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions:
Sales revenue $
Longterm capital gains $
Cost of goods sold $
DepreciationMACRS $
Amortization of organization costs $
Guaranteed payments to partners for general management $
Cash distributions to partners $
a Given these items, what is Turtle Creeks ordinary business income loss for the year?
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