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Business, 21.06.2019 12:30 alexisfaithsmith

Carolyn has a 50 percent interest in a general partnership that has a $14,000 loss for the year. she materially participates in the partnership. her basis in the partnership is $10,000. she also has salary from other employment of $46,000. if she is single, has no dependents, and claims the standard deduction, what is her taxable income and her tax liability in 2017

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Carolyn has a 50 percent interest in a general partnership that has a $14,000 loss for the year. she...

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