Styling shoes, llc filed its 20x8 form 1065 on march 15, 20x9. styling had three members with the following ownership interests and tax basis at the beginning of the 20x8: (1) jane, a member with a 25% profits and capital interest and a $13,000 outside basis, (2) joe, a member with a 45% profits and capital interest and a $18,000 outside basis, and (3) jack, a member with a 30% profits and capital interest and a $10,000 outside basis. the following items were reported on styling's schedule k for the year: ordinary income of $116,000, section 1231 gain of $23,000, charitable contributions of $33,000, and tax-exempt income of $11,000. in addition, styling received an additional bank loan of $20,000 during 20x8. what is jane's tax basis after adjustment for her share of these items?

Identifying transactions national park tours co. is a travel agency. the nine transactions recorded by national park tours during may 2019, its first month of operations, are indicated in the following t accounts: cash (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 accounts receivable (5) 12,300 (7) 8,150 supplies (2) 900 (8) 660 equipment (3) 8,000 accounts payable (6) 2,700 (3) 6,400 beth worley, capital (1) 75,000 beth worley, drawing (9) 2,500 fees earned (5) 12,300 operating expenses (4) 6,280 (8) 660 indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased account debited account credited transaction type effect type effect (1) (2) (3) (4) (5) (6) (7) (8) (9)

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u.s. treasury yield curve can take. check all that apply.

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?