Question 4 5 pts Carly is a 50% interest in Peach Partnership. Peach Partnership reports $75,000...
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Question 4 5 pts Carly is a 50% interest in Peach Partnership. Peach Partnership reports $75,000 of ordinary income in the current year, and also makes a distribution to Carly of $25,000. What income will Carly report on her tax return for the current year? $12,500 $37,500 $75,000 $25,000 Question 4 5 pts Carly is a 50% interest in Peach Partnership. Peach Partnership reports $75,000 of ordinary income in the current year, and also makes a distribution to Carly of $25,000. What income will Carly report on her tax return for the current year? $12,500 $37,500 $75,000 $25,000
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