Business, 24.06.2019 00:00 nacgrading3p6d8pf
Ellie and linda are equal owners in otter enterprises, a calendar year business. during the current year, otter enterprises has $320,000 of gross income and $210,000 of operating expenses. in addition, otter has a long-term capital gain of $15,000 and makes distributions to ellie and linda of $25,000 each. what is the impact of this information on the taxable income of otter, ellie, and linda?
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Ellie and linda are equal owners in otter enterprises, a calendar year business. during the current...
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