Business
Business, 04.11.2020 07:50, zitterkoph

Karl is a partner in Lizard Partnership. This year, Karl's share of partnership ordinary income is $20000, and she received a cash distribution of $30000. Karl's tax basis in her partnership interest at the beginning of the year was $50000. Her marginal tax rate is 22 percent. Kari qualifies for the Section 199A deduction without regard to the wage limitation

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Karl is a partner in Lizard Partnership. This year, Karl's share of partnership ordinary income is $...

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