The partnership distributed 1000 to her during the year, Ask an Expert

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Susan’s salary is $44,000 and she received dividends of $600. She received a statement from SJ partnership indicating that her share of the partnership’s income was $4,000. The partnership distributed $1,000 to her during the year and $600 after yearend. She won $2,000 in the state lottery and spent $50 on lottery tickets. Which amounts are taxable?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9405618

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