ABC LLC reported the following items on the LLC’s Schedule K: ordinary income of $100,000; interest income of $3,000; long-term

ABC LLC reported the following items on the LLC’s Schedule K: ordinary income of $100,000; interest income of $3,000; long-term capital loss of ($4,000), charitable contributions of $1,000; AMT depreciation adjustment of $10,000, and cash distributions to partners of $50,000. How much will ABC show as net income (loss) on its Analysis of Income (Loss)


Leave a Reply

Your email address will not be published. Required fields are marked *