The STU Partnership, an Electing Large Partnership, Has No Passive

question 38

Multiple Choice

The STU Partnership, an electing Large Partnership, has no passive activities and reports the following transactions for the year: net long-term capital losses $50,000, Sec. 1231 gain $60,000, ordinary income $20,000, charitable contributions $15,000, and tax-exempt income $2,000. How much will be reported as long-term capital gains to its partners?

• A)$0
• B)$10,000
• C)$50,000
• D)$60,000

---

Definitions:

Economic Reasons

Economic reasons refer to the financial factors or motivations that influence decisions or outcomes in various contexts including business, policy, and individual behavior.

Poor Skin Turgor

A condition indicating dehydration or significant fluid loss, where the skin loses its elasticity and does not return quickly to its normal position when pinched.

Capillary Refill

A test to assess blood circulation, where pressure is applied to a fingernail or toenail and the time is measured for color to return, indicating the efficiency of blood flow.

Bradycardia

A medical condition characterized by an abnormally slow heart rate, typically fewer than 60 beats per minute in adults.