THE AB PARTNERSHIP IS OWNED EQUALLY BY TERRY AND SUE. AB IS A CALENDAR YEAR...
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THE AB PARTNERSHIP IS OWNED EQUALLY BY TERRY AND SUE. AB IS A CALENDAR YEAR PARTNERSHIP. SUE BORROWS 200,000 FROM AB AND USES THE PROCEED IN A PASSIVE ACTIVITY. SUE PAYS 20,000 IN INTEREST TO THE PARTNERSHIP. TERRY AND SUE HAVE 10,000 INTEREST INCOME. WHAT IS SUE INTEREST INCOME FOR PASSIVE ACTIVITY GROSS INCOME
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