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Turtle Creek Partnership had the lowing revenues, expenses gains, losses, and distributions Sales revenue 341000 $2.000 Long-term capital Cost of goods sold Depreciation MARS 1513000)
Turtle Creek Partnership had the lowing revenues, expenses gains, losses, and distributions Sales revenue 341000 $2.000 Long-term capital Cost of goods sold Depreciation MARS 1513000) (56.000) Aroon of organurabonco Guaranteed payment to parts for generalment 153.0001 ($10.000) (52.000) Cathributions to partners Given these terms where's only business income foss) for the year LLC was recome with the blowing members Name Tax Year End CapitalPro Robinson December Pacher Lenders LLO June Peymesine October What is that are the real your and for alle Les October (Carry your answer to decimal QUESTIONS Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue Long-term capital gains Cost of goods sold Depreciation - MACRS Amortization of organization costs Guaranteed payments to partners for general management Cash distributions to partners $41,000 $2,000 ($13,000) (56,000) ($1,000) (510,000) ($2,000) Given these items, what is Turtle Creek's ordinary business income (oss) for the year? JESTION 7 Tall Tree LLC was recently formed with the following members Name Capital/Profits % Tax Year End December 31 June 30 Eddie Robinson Pitcher Lenders LLC Perry Homes Inc 3596 35% October 31 30% What is the least aggregate detertal if the required taxable year-end for Tall Tree LLC is October 31st? (Carry your answer to one decimal eg. 5.2)
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