Which of the following items is generally reported separately on a partnership return? a. Ordinary income from

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Which of the following items is generally reported separately on a partnership return? 

a. Ordinary income from the operations of the partnership business

b. Bonus depreciation.

c. Interest expense on business debts. 

d. Net rental income. 

e. Factory rent expense.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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