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Business, 06.03.2020 18:05 riptaylorsreputation

For the year ended December 31, 2019, the partnership of Murray and Parker had book income of $100,000, which included the following: Long-term capital gain $ 7,000 Section 1231 loss (3,000) Dividends 200 Interest paid to partners for use of capital 12,000 The partners share profits and losses equally. What amount of partnership income (excluding all partnership items that must be reported separately) should each partner report in his individual income tax return for 2019?

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For the year ended December 31, 2019, the partnership of Murray and Parker had book income of $100,0...
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