Which of the following is not subject to self-employment tax? a. Gain on the sale of real estate held for investment b. Net earnings of a self-employed lawyer c. Distributive share of earnings of a partnership d. Net earnings of the owner of a shoe store e. Net earnings of the owner of a dry cleaner
Which of the following is not subject to self-employment tax? a. Gain on the sale of real estate held for investment b. Net earnings of a self-employed lawyer c. Distributive share of earnings of a partnership d. Net earnings of the owner of a shoe store e. Net earnings of the owner of a dry cleaner
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 2BCRQ
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Which of the following is not subject to self-employment tax?
a. Gain on the sale of real estate held for investment
b. Net earnings of a self-employed lawyer
c. Distributive share of earnings of a partnership
d. Net earnings of the owner of a shoe store
e. Net earnings of the owner of a dry cleaner
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