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The action notice is a
Disposal
The act of getting rid of something, especially by throwing it away or by selling or giving it to someone.
Guaranteed Payment
Payments made to a partnership's partner that are guaranteed without regard to the partnership's income.
Partnership Basis
The amount invested in a partnership by each partner, including cash, property, and the partner's share of partnership debt.
Ordinary Income
Income earned from providing services or the sale of goods, taxed at standard rates.
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