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Determine jasper ordinary income allocation

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Reference no: EM132811293

Problem 1: Jasper is a partner in Goldmine Partnership. For the year ended December 31, 2019, Jasper's share of partnership income was $60,000, which included long-term capital gains of $9,000, Sec. 1231 loss of $4,500, $500 of dividends, and $14,000 of interest paid to partners for use of capital. Determine Jasper's ordinary income allocation.

Reference no: EM132811293

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