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under a partnership agreement Sarah is to receive 25% of the partnerships income but not less than 12,000 the partnership net income for this year
under a partnership agreement Sarah is to receive 25% of the partnerships income but not less than 12,000 the partnership net income for this year was 32000 what amount can the partnership deduct as a guarantee payment and what amount of the income is Sarah required to report on her individual tax return?
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