Received Distibution From Partnership $25000. My Share Of Passive Taxable Income Is $30000. What Is My Income?





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$30,000 if I remember my partership class correctly.
The $30,000 is taxable whether you received a distribution or not. The $25k is just a partial payment of this income.
The net effect of these transactions increases your basis in the partnership by $5,000. ($30k – $25k)




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