Question: Abraham becomes an equal partner in the Kit, Kat, and Kidd Partnership in 2023. In 2022, he filed his personal tax return on the calendar
Abraham becomes an equal partner in the Kit, Kat, and Kidd Partnership in 2023. In 2022, he filed his personal tax return on the calendar tax year basis. The partnership reports income and expenses on the fiscal tax year basis. How should Abraham report partnership income or loss distributed to him?
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