Garner is a 25 percent partner in Classic General Partnership. On February 3, Garner's tax...
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Garner is a percent partner in Classic General Partnership. On February Garner's tax basis in Classic was $ when she received a nonliquidating distribution of $ cash. Classic had no unrealized receivables, appreciated inventory, or properties that had been contributed by its partners. Classic reported the following for the same year: US Treasury interest $ Ordinary business income $ What amount of income from Classic should Garner include in her gross income for that year? a $ b $ c $ d $ 
Garner is a percent partner in Classic General Partnership. On February Garner's tax basis in
Classic was $ when she received a nonliquidating distribution of $ cash. Classic had
no unrealized receivables, appreciated inventory, or properties that had been contributed by its
partners. Classic reported the following for the same year:
US Treasury interest
$
Ordinary business income $
What amount of income from Classic should Garner include in her gross income for that year?
a $
b $
c $
d $
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