Barbara Thompson and Colleen Tiller are equal partners in the Boteq partnership. Barbara is age 72 and Colleen age 58. Both are unmarried and the partnership is their sole source of income.

During the current year, Boteq’s records show the following items of income and expense.

In a columnar form, list those items which must be reported as partnership ordinary income and those which must be reported separately by the partnership.

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(1) (2) Gross profit on sale of goods Selling and administrative expenses Other items not included in above: (1) Dividends from domestic corporations (2) (3) (4) (5) (6) (7) Charitable contributions to church Long-term capital gains Short-term capital losses Section 1245 gain on office equipment which had an adjusted basis at sale of $400 Theft of day's receipts Theft of Barbara's fur coat in the pocket of which were the receipts. Original cost $2,500, FMV at date of theft (8) Royalty check for Boteq's $10,000 investment this year in a widget mining venture (9) Notice of Boteq's coal percentage depletion allowance of $1,000 (the property has been fully depleted for several years) (10) Expensing of seven-year property under Code Sec. 179, purchased during the year (11) Social Security benefit checks payable to Barbara which were regularly deposited to Boteq's account $40,000 30,000 1,000 500 2,000 500 800 1,200 $1,000 400 2,000 4,500