Business, 23.03.2021 01:00 mrfishyyyy

During the current year, Jason received guaranteed payments of $12,000, $1,000 and $0 from his ownership interest in a partnership (he is a general partner), an LLC, and a limited partnership (he is a limited partner), respectively. The partnership, LLC, and limited partnership also allocated ordinary income (loss) to Jason of ($4,000), $2,000, and $6,000, respectively. Assuming Jason provided limited services to the LLC but is NOT involved in the management, what is Jason's self-employment income/loss for the current year

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During the current year, Jason received guaranteed payments of $12,000, $1,000 and $0 from his owner...

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