This year, Darrel's distributive share from Alcove Partnership includes $10,000 of interest income, $1,800 of dividend...

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This year, Darrel's distributive share from Alcove Partnership includes $10,000 of interest income, $1,800 of dividend income, and $66,000 ordinary business income. a. Assume that Darrel materially participates in the partnership. How much of his distributive share from Alcove Partnership is potentially subject to the net investment income tax? Distributive share subject to net investment income tax b. Assume that Darrel does not materially participate in the partnership. How much of his distributive share from Alcove Partnership is potentially subject to the net investment income tax? Distributive share subject to net investment income tax This year, Alex's distributive share from Eden Lakes Partnership includes $10,000 of interest income, $14,000 of net long-term capital gains, $9,000 net $1231 gain from the sale of property used in the partnership's trade or business, and $83,000 of ordinary business income. a. Assume that Alex materially participates in the partnership. How much of his distributive share from Eden Lakes Partnership is potentially subject to the net investment income tax? Amount subject to the net investment income tax b. Assume that Alex does not materially participate in the partnership. How much of his distributive share from Eden Lakes Partnership is potentially subject to the net investment income tax? Amount subject to the net investment income tax This year, Darrel's distributive share from Alcove Partnership includes $10,000 of interest income, $1,800 of dividend income, and $66,000 ordinary business income. a. Assume that Darrel materially participates in the partnership. How much of his distributive share from Alcove Partnership is potentially subject to the net investment income tax? Distributive share subject to net investment income tax b. Assume that Darrel does not materially participate in the partnership. How much of his distributive share from Alcove Partnership is potentially subject to the net investment income tax? Distributive share subject to net investment income tax This year, Alex's distributive share from Eden Lakes Partnership includes $10,000 of interest income, $14,000 of net long-term capital gains, $9,000 net $1231 gain from the sale of property used in the partnership's trade or business, and $83,000 of ordinary business income. a. Assume that Alex materially participates in the partnership. How much of his distributive share from Eden Lakes Partnership is potentially subject to the net investment income tax? Amount subject to the net investment income tax b. Assume that Alex does not materially participate in the partnership. How much of his distributive share from Eden Lakes Partnership is potentially subject to the net investment income tax? Amount subject to the net investment income tax

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Answer First part a Distributive share subject to net investment income tax 11800 As Darrel material... View the full answer