Question: For each situation listed indicate the amount to be included in income for the current year. The federal interest rate of 5.5% is in effect.

For each situation listed indicate the amount to be included in income for the current year. The federal interest rate of 5.5% is in effect. Aaron owns a 40% interest in ABC partnership with an investment of $800,000. In the current year the partnership generated $500,000 of taxable income, and Aaron withdrew $100,000

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