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Brian owns a 25% interest in PCS LP (a US Partnership). Entering 2023, Brian had...

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Accounting

Brian owns a 25% interest in PCS LP (a US Partnership). Entering 2023, Brian had an outside basis of $100,000 in his partnership interest. During 2023, PCS LP reported taxable income of $50,000. Brian received a distribution of cash of $10,000 during 2023. How much income must Brian report from the partnership in 2023?$12,500$10,000$25,000$22,500

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