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Business, 01.10.2019 19:00 dbn4everloved8

Nick, chris, stacey, and mike are each 25% partners in liberty partnership, a general partnership. during the current year, the partnership had revenues of $300,000 and nonseparately allocated business expenses of $100,000, including a guaranteed payment of $30,000 to nick for services rendered. also, during the current year, the partnership had interest income of $10,000 and charitable contributions of $16,000. with regard to activity in the partnership, what should stacey report on her income tax return for the current year?

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Nick, chris, stacey, and mike are each 25% partners in liberty partnership, a general partnership. d...
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