Federal Income Taxation
Partner A: Beginning Basis is $250,000
K-1 items for 2010
Ordinary Income: $38,000
LT Capital Gain: 3,000
Dividends: 4,000
Royalties: 4,500
Distribution: $85,000
Guaranteed
payment: $35,000
What is Partner A's ending basis?
12 years ago
5
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