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Business, 28.01.2020 05:31 maukjackie1974
Alex, ellen and nicolas are equal partners in a local restaurant. the restaurant reports the following items for the current year: business revenue $770,000 business expenses 470,000 investment expenses 150,000 each partner receives a schedule k-1 with one-third of the preceding items reported to him/her. how must each individual report these results on his/her form 1040? $100,000 income on schedule e; $50,000 investment expense on schedule a $257,667 income on schedule e; $50,000 investment expense on schedule a $300,000 income on schedule e; $50,000 investment expense on schedule a $300,000 income on schedule e; $150,000 investment expense on schedule a
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Alex, ellen and nicolas are equal partners in a local restaurant. the restaurant reports the followi...
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