subject
Business, 20.12.2019 21:31 jdkrisdaimcc11

Steve's basis in his saw partnership interest is $200,000 at the beginning of the tax year, including all adjustments. his allocable share of partnership items are as follows: ($120,000) of ordinary loss, $6,000 tax-exempt interest income, and a $14,000 long-term capital gain. in addition, the llc distributed $20,000 of cash to steve during the year. during the year, steve's share of partnership debt increased by $10,000. steve's ending basis in his llc interest is $80,000.a. trueb. false

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 14:20
The manager of a branch office of banco mexicali observed that during peak hours an average of 20 customers arrives per hour and that there is an average of 6 customers in the branch office at any time. how long does the average customer spend waiting in line and being serviced?
Answers: 2
question
Business, 22.06.2019 12:50
Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers: 2
question
Business, 22.06.2019 13:30
1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.
Answers: 2
question
Business, 22.06.2019 21:00
Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.
Answers: 2
You know the right answer?
Steve's basis in his saw partnership interest is $200,000 at the beginning of the tax year, includin...
Questions
question
Mathematics, 13.05.2021 06:00
question
Mathematics, 13.05.2021 06:00
question
Mathematics, 13.05.2021 06:00
question
Mathematics, 13.05.2021 06:00
question
Mathematics, 13.05.2021 06:00
question
Mathematics, 13.05.2021 06:00
Questions on the website: 13722367