Question: Melissa's K 1 reports a $ 4 0 , 0 0 0 guaranteed payment she received in exchange for capital, her distributive share of the

Melissa's K1 reports a $40,000 guaranteed payment she received in exchange for capital, her distributive share of the partnership's qualified dividends of $2,000, a net short-term capital gain of $5,000, and $1,000 of tax-exempt interest. The total amount that will be considered net investment income (NII) is:
a. $8,000.
b. $0.
c. $40,000.
d. $48,000.
e. $47,000.

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