a taxpayer is filing their federal income tax return. they provided the following partner schedule...

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Accounting

a taxpayer is filing their federal income tax return. they provided the following partner schedule k-1 information that they received from an investment: 1000 on line 1, ordinary business income, 100 on line 5 interest income, 50 on line 6a ordinary dividends, 10000 beginning capital account, no current year distribution. is the following statement true? the taxpayer will include 1150 as gross income on their individual tax return?

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