Business, 24.06.2020 19:01 mareiashanti002

In the current year, the POD Partnership received revenues of $200,000 and paid the following amounts: $50,000 in rent and utilities and $20,000 as a distribution to partner Olivia. In addition, the partnership earned $6,000 of long-term capital gains during the year. Partner Donald owns a 50% interest in the partnership. How much income must Donald report for the tax year

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In the current year, the POD Partnership received revenues of $200,000 and paid the following amount...

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