Shondra has invested in a boutique with three friends as a partnership. They reported that her share of the income from the partnership was $3,300. In addition, Shondra has a small parcel of land that she collects “signage” rents from a restaurant. She received $850 in rents and paid out $120 in fees and other expenses. Complete Schedule E for these two income sources.

Answer rating: 100% (QA)

Income Properties A B 3 Rents received 3 85000 4 Royalties received 4 Expenses Land 5 Advertising 5 ... View the full answer