Check my work 13 ! Required information [The following information applies to the questions displayed below.] rt 1 of 2 This year, Alex's distributive share from Eden Lakes Partnership includes $8,000 of interest income, $4,000 of net long-term capital gains, $2,000 net $1231 gain from the sale of property used in the partnership's trade or business, and $83,000 of ordinary business income. nts Skipped a. Assume that Alex materially participates in the partnership. How much of his distributive share from Eden Lakes Partnership is potentially subject to the net investment income tax? еВook eferences Amount subject to the net investment income tax

Check my work 13 ! Required information [The following information applies to the questions displayed below.] rt 1 of 2 This year, Alex's distributive share from Eden Lakes Partnership includes $8,000 of interest income, $4,000 of net long-term capital gains, $2,000 net $1231 gain from the sale of property used in the partnership's trade or business, and $83,000 of ordinary business income. nts Skipped a. Assume that Alex materially participates in the partnership. How much of his distributive share from Eden Lakes Partnership is potentially subject to the net investment income tax? еВook eferences Amount subject to the net investment income tax

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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