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Business, 25.03.2020 06:04 jessicannoh5965

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