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A Partner Had the Following Items Reported on a Partnership

Question 33

Multiple Choice

A partner had the following items reported on a partnership Schedule K-1:  Ordinary income (including Section 1245 recapture of $5,000 )  $59,000 Dividend income 1,500 Guaranteed payment 9,000 Section 179 expense 26,000\begin{array}{lr}\text { Ordinary income (including Section } 1245 \text { recapture of } \$ 5,000 \text { ) }&\$59,000\\\text { Dividend income } & 1,500 \\\text { Guaranteed payment } & 9,000 \\\text { Section 179 expense } & 26,000\end{array} The partner's self-employment income for the year equals:


A) $28,000.
B) $37,000.
C) $42,000.
D) $68,000.

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