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Calculate his distributive share of ordinary income

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Question - The XYZ Partnership reports the following operating results for the current year: Net long-term capital loss ($40,000) Net Sec. 1231 loss (16,000) Ordinary income 50,000 Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership. Calculate his distributive share of ordinary income?

$6,800.

$8,500.

$12,500.

$10,000.

Reference no: EM132158547

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