subject
Business, 26.11.2019 22:31 khristaviaaa

Steve's basis in his saw partnership interest is $200,000 at the beginning of the tax year, including all adjustments. his allocable share of partnership items are as follows: ($120,000) of ordinary loss, $6,000 tax-exempt interest income, and a $14,000 long-term capital gain. in addition, the llc distributed $20,000 of cash to steve during the year. during the year, steve's share of partnership
asked aug 30, 2017
debt increased by $10,000 . steve's ending basis in his llc interest is $80,000.

a. true
b. false
indicate whether the statement is true or false

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 09:40
The wall street journal reported that walmart stores inc. is planning to lay off 2,300 employees at its sam's club warehouse unit. approximately half of the layoffs will be hourly employees (the wall street journal, january 25-26, 2014). suppose the following data represent the percentage of hourly employees laid off for 15 sam's club stores. 55 56 44 43 44 56 60 62 57 45 36 38 50 69 65 (a) compute the mean and median percentage of hourly employees being laid off at these stores. (b) compute the first and third quartiles. (c) compute the range and interquartile range. (d) compute the variance and standard deviation. (e) do the data contain any outliers? (f) based on the sample data, does it appear that walmart is meeting its goal for reducing the number of hourly employees?
Answers: 1
question
Business, 22.06.2019 11:30
Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment
Answers: 3
question
Business, 22.06.2019 11:30
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
question
Business, 22.06.2019 11:40
Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:
Answers: 1
You know the right answer?
Steve's basis in his saw partnership interest is $200,000 at the beginning of the tax year, includin...
Questions
question
Mathematics, 29.07.2021 23:10
question
Business, 29.07.2021 23:10
question
Mathematics, 29.07.2021 23:10
question
Mathematics, 29.07.2021 23:10
question
Mathematics, 29.07.2021 23:10
Questions on the website: 13722362