Question
A limited partnership has three partners, all individuals: Gen ( the general partner ) , LimA ( a limited partner ) and LimB ( a
A limited partnership has three partners, all individuals: Gen the general partner LimA a limited partner and LimB a limited partner The original contributions and incomeloss allocation percentages for the partners are: Gen: $ LimA: $ LimB $ The partnerships taxation year ends on December It had the following income and losses for its first two years of operations: $ business loss $ business income What is LimBs business income or loss from the partnership for
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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