Georgina receives a Schedule K-1 for her general partner interest in the CCI Partnership that reports the

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Georgina receives a Schedule K-1 for her general partner interest in the CCI Partnership that reports the following:

● Ordinary business income $4,000

● Net rental real estate income $2,000

● Short-term capital gains $500

● Section 1231 loss of $600

● Guaranteed payments of $1,000

● Cash distribution of $3,000

Using the information from her Schedule K-1, compute Georgina’s self-employment income:

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 06:59 AM

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Georgina receives a Schedule K-1 for her general partner interest in the CCI Partnership that reports the

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Income Tax Fundamentals 2023

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