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Required information Comprehensive Problem 9-81(LO 9-1, LO 9-2, LO 9-3, LO 9-4, LO 9-5,...

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Accounting

Required information
Comprehensive Problem 9-81(LO 9-1, LO 9-2, LO 9-3, LO 9-4, LO 9-5, LO 9-6)(Algo)
[The following information applies to the questions displayed below.]
The TimpRiders LP has operated a motorcycle dealership for a number of years. Amir is the limited partner, Francesca is the general partner, and they share capital and profits equally. Francesca works full time managing the partnership. Both the partnership and the partners report on a calendar-year basis. At the start of the current year, Amir and Francesca had bases of \(\$ 11,700\) and \(\$ 4,300\), respectively, and the partnership did not have any liabilities. During the current year, the partnership reported the following results from operations:
On the last day of the year, the partnership distributed \(\$ 4,300\) each to Amir and Francesca.
Comprehensive Problem 9-81 Part 3(Algo)
d-2. Using the information provided, prepare a Schedule K-1 for Amir.
Note: Visit the IRS website and download Form 1065 Schedule K-1. Enter the required values in the appropriate fields. Save your completed Tax Form to your computer and then upload it here by clicking "Browse." Next, click "Save."
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