Business, 01.07.2020 22:01 brucewaynel1043

The Lonely Partnership had an overall net loss of $57,000. Included in that amount was net capital gains of $5,000, tax-exempt interest of $1,000, and a guaranteed payment of $10,000 to one of the partners. Compute the amount of ordinary business income or loss for Lonely.

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The Lonely Partnership had an overall net loss of $57,000. Included in that amount was net capital g...

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