The partnership of marks & sparks sustained an ordinary loss of $42,000 in year 1. the partnership, as well as the two partners, are on a calendar-year basis. the partners share profits and losses equally. at december 31, year 1, marks had an adjusted basis of $18,000 for his partnership interest, before consideration of the loss. on his year 1 individual tax return, marks should deduct an(a)
ordinary loss of $18,000 j k l m n
ordinary loss of $21,000 j k l m n
ordinary loss of $18,000 and a capital loss of $3,000 j k l m n
capital loss of $21,000j k l m n

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Because gloria's immediate concern was the perceived gender discrimination, she would be more concerned about than intent, resultsresults, intentstatistics, trendsrace,gendergender,race