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

question 3

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 ordinary income to its partners?

• A) $22,000
• B) $5,000
• C) $20,000
• D) $17,000

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Definitions:

Infatuation

An intense but short-lived passion or admiration for someone, often mistaken for love.

Relationship Strategy

A planned approach to building, maintaining, or improving relationships through specific actions and behaviors.

Listening Actively

Engaging with the speaker through attentiveness, feedback, and reflection to fully comprehend and internalize the message being communicated.

Eliminate Distractions

The process of removing or reducing disturbances or interruptions that hinder focus or productivity.