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How much income should Debbie report on Schedule E

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Question - Debbie is a 50% owner in MAE Inc., an S corporation. MAE Inc. had the following results from operations in 2016: Ordinary business income of $40,000, charitable contributions of $5,000, Long-term capital gain of $3,000. How much income should Debbie report on Schedule E?

A. $20,000

B. $35,000

C. $17,250

D. None.

Reference no: EM132454218

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