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What portion of this income should be allocated to Tommy

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Question - Victory partnership has four equal partners. At the beginning of the year, Tommy was one of the victory partners, but on October 1, he sold his partnership interest to Tim.

Required - If Victory's ordinary income for the year was $476,000, what portion of this income should be allocated to Tommy and what portion should be allocated to Tim? Assume 365 days in a year.

Reference no: EM133029751

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