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Business, 06.05.2020 01:39 Evilgus4846

Styron is a partner in Styron, Lee, & Jane Partnership. Styron owned 25% from January 1, 2019, to June 30, 2019, when he bought Lee’s 25% interest. He owned 50% for the rest of the year. The partnership had ordinary income of $88,000 and $12,000 in long-term capital gains. Barring any special allocations in a partnership agreement, Styron’s share of ordinary income for the year is:

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Styron is a partner in Styron, Lee, & Jane Partnership. Styron owned 25% from January 1, 2019, t...
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