Your client is a member of a partnership with a property management firm, Sky High...
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Accounting
Your client is a member of a partnership with a property management firm, Sky High Properties. His partnership interest is 45% and last year the partnership made a net income of $800,000. Your client will report his partnership income for tax purposes in which of the following ways, and how much will he report ? On his personal tax return, $360,000 On his personal tax return, $344,000 On his personal tax return, $336,000 On the partnership return, $400,000
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