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How do shirelle and newman report

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Reference no: EM133127864

Question - Shirelle and Newman are each 50% partners of a business that operates as a partnership. The business reports the following results:

Revenue $88,000

Business expenses 52,800

Investment expenses 8,750

Short-term capital gains 13,500

Short-term capital losses (19,700)

Required - How do Shirelle and Newman report these items for tax purposes in the following schedules?

Reference no: EM133127864

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