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Hi, I need a little help on the following question. Thank you. Wayne has a...

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Accounting

Hi, I need a little help on the following question. Thank you.

Wayne has a beginning basis in a partnership of $46,000. His share of income and expense from the partnership consists of the following amounts:

Ordinary income $86,000

Guaranteed payment 24,000

Long-term capital gain 31,000

1231 gain 8,600

Charitable contributions 4,000

179 expense 36,000

Cash distribution 12,000

a. What is Waynes self-employment income?

b. Calculate Waynes basis at the end of the year

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