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Rex became a partner with a 30 interest in the partnership

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Reference no: EM13588340

Rex became a partner with a 30% interest in the partnership profits when he invested $200,000. In 2014, the partnership generated $400,000 of taxable income, and Rex withdrew $100,000. In 2015, the partnership had $600,000 of taxable income, and Rex withdrew $200,000.

What is Rex's gross income from the partnership in 2014 and 2015?

Reference no: EM13588340

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