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

question 38

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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?


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Basic Qualifications

The minimum criteria, skills, or experiences required for an individual to be considered eligible for a certain position or task.

Available Opening

A job or position that is currently vacant and open for applications, indicating opportunities for employment or engagement in an organization.

Functional Resume

A type of resume focused on skills and experiences rather than a chronological list of employment history.

Skills

The capabilities or expertise developed through practice and experience in a particular area.

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