A partnership has two equal calendar-year partners and is switching from a fiscal year ending on June
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A partnership has two equal calendar-year partners and is switching from a fiscal year ending on June 30 to a calendar year. If the partnership has $40,000 in net income resulting from the short period, how will each partner report the short period income?
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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