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  3. partnership activities. (obj. 2) indicate how each

Partnership Activities. (Obj. 2) Indicate how each of the following items is reported on the...

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Accounting

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Partnership Activities. (Obj. 2) Indicate how each of the following items is reported on the partnership tax return by placing a check mark in the appropriate column. 4. Ordinary Income Separately Stated Item a. Rent received from rental property b. Short-term loss on the sale of a capital asset c. Dividends received from a U.S. corporation d. Contribution to the Red Cross e. Guaranteed payments to partners f. Section 179 expense g. Interest expense on a business loan h. Annual business license i. Interest income from a municipal bond j. Property taxes on partnership assets

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