How much income must don report for the tax year


In the current year, the POD Partnership received revenues of $100,000 and paid the following amounts: $20,000 in rent and utilities, and $10,000 as a distribution to partner Olivia. In addition, the partnership earned $4,000 of qualifying dividend income during the year. Partner Don owns a 50% interest in the partnership. How much income must Don report for the tax year?

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Accounting Basics: How much income must don report for the tax year
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