The PDQ Partnership earned ordinary income of $150,000 in 2022. The partnership has three equal partners, Pete,
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The PDQ Partnership earned ordinary income of $150,000 in 2022. The partnership has three equal partners, Pete, Donald, and Quint. Quint, who is single, uses the standard deduction, and has other income of $15,000 (not connected with the partnership) in 2022. He receives a $30,000 distribution from the partnership during the year. What is Quint’s taxable income in 2022?
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Related Book For
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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