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Brrunno [24]
3 years ago
14

You are a 25% partner of ABC, LP. Here are some additional facts – • ABC's 2020 partnership tax return, when filed, will show th

at it earned total taxable income for the year 2020 of exactly $1,740,000. • ABC distributed cash to its partners during 2020 in the aggregate total amount (i.E., to all partners as a group) of $1,400,000. What total taxable income amount will you be reporting on your 2020 Form 1040 (when filed) as a result of your status as an ABC partner?
Business
2 answers:
Jobisdone [24]3 years ago
5 0

Answer:

nnnnkknknknpnkpknkpnknpknjn lj

Explanation:

htgw4utjgpuoghurgfij;vgjoifsiunjiomiomomofiom imoihmo ihmof hmof dmih hoho hff f f imfijfeijqipq,ptgaefbaegfabhbebhgbbtgvftgvfgvftgvtfgvftvftvgbgbgbgb

Masja [62]3 years ago
4 0

________________________________

<h3>= 25% × $1,400,000 ÷ 100</h3><h3>= <u>$350,000</u></h3>

________________________________

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