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:

Bulimia Nervosa

An eating disorder characterized by repeated and uncontrolled (and often secretive) episodes of binge eating.

Erosion

The process by which natural forces remove soil, rock, or material from one location on the Earth's crust and then transport it to another location.

Mayo Clinic

A nonprofit American academic medical center focused on integrated health care, education, and research.

Lifelong Strategy

An approach or plan designed to be maintained throughout an individual’s entire life, often regarding personal development, learning, or health.