What amount of partnership ordinary income

Reference no: EM133654220

Question: For the current year ended December 31, the DEF Partnership had book income of $250,000, which included the following: Sec. 1231 gain $15,000 Sec. 1245 gain 20,000 Dividends 35,000 F is a 30% partner. F withdrew $15,000 during the year. What amount of partnership ordinary income (excluding all partnership items that must be reported separately) should F report on his current-year tax return?

Reference no: EM133654220

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