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Question - Enercio contributes $288,200 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This year, the LLC generates $230,560 of ordinary taxable income. Enercio withdrew $28,820 from the partnership during the year.
a. Enercio is taxed on what amount of ABC's income?
b. How much of the $28,820 withdraw will Enercio be taxed?
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