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Business, 08.11.2019 23:31 nathangirnet
Meg and abby are equal partners in the am partnership, which earns $40,000 ordinary income, $6,000 longminusterm capital gain (ltcg), and $2,000 sec. 1231 loss during the current year. what is the amount and character of income that must be reported on abby's tax return for this year's partnership operations?
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Meg and abby are equal partners in the am partnership, which earns $40,000 ordinary income, $6,000 l...
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