What is bdos ordinary income or loss

Reference no: EM133612423

Question: The BDO partnership provides that D will I receive a guaranteed salary of $3:0.000 each year for her services as an account

She will also receive one third of the taxable income or loss. For the current year the partnership has ordinary income of $18,000 before the salary payment, a Section 1231 gain of 59,000, and short-term capital gain of $3,000. All taxpayers are cash method and have a calendar year end. The $30.000 salary is paid to D evenly throughout the year. What is BDO's ordinary income or loss?

Reference no: EM133612423

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