on the 4. Partnership Activities. (Obj. 2) Indicate how each of the following items is reported partnership tax return by placing a check mark in the appropriate column. Separately Stated Ordinary Income Item a. Rent received from rental property b. Short-term loss on the sale of a capital asset c. Dividends received from a U.S. corporation d. Contribution to the Red Cross e. Guaranteed payments to partners f. Section 179 expense g. Interest expense on a business loan h. Annual business license i. Interest income from a municipal bond j. Property taxes on partnership assets
on the 4. Partnership Activities. (Obj. 2) Indicate how each of the following items is reported partnership tax return by placing a check mark in the appropriate column. Separately Stated Ordinary Income Item a. Rent received from rental property b. Short-term loss on the sale of a capital asset c. Dividends received from a U.S. corporation d. Contribution to the Red Cross e. Guaranteed payments to partners f. Section 179 expense g. Interest expense on a business loan h. Annual business license i. Interest income from a municipal bond j. Property taxes on partnership assets
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2022 tax rules
![the
4. Partnership Activities. (Obj. 2) Indicate how each of the following items is reported on
partnership tax return by placing a check mark in the appropriate column.
Separately Stated
Ordinary Income
Item
a. Rent received from rental property
b. Short-term loss on the sale of a capital asset
c. Dividends received from a U.S. corporation
d. Contribution to the Red Cross
e. Guaranteed payments to partners
f. Section 179 expense
g. Interest expense on a business loan
h. Annual business license
i. Interest income from a municipal bond
j. Property taxes on partnership assets](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85b509ea-0cae-406e-ac29-3793dca1ade8%2Fe8f2105c-ede9-40c1-8fe7-40e51bd1919e%2Fseh0ib_processed.jpeg&w=3840&q=75)
Transcribed Image Text:the
4. Partnership Activities. (Obj. 2) Indicate how each of the following items is reported on
partnership tax return by placing a check mark in the appropriate column.
Separately Stated
Ordinary Income
Item
a. Rent received from rental property
b. Short-term loss on the sale of a capital asset
c. Dividends received from a U.S. corporation
d. Contribution to the Red Cross
e. Guaranteed payments to partners
f. Section 179 expense
g. Interest expense on a business loan
h. Annual business license
i. Interest income from a municipal bond
j. Property taxes on partnership assets
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