Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 55

Kerry is a partner in the Kerry, Davis, Smith Jones Partnership. Kerry owned 25% from January 1, 2009 to June 30, 2009, when he bought Jones's 25% interest. He owned 50% for the rest of the year. The partnership had ordinary income of $146,000 and $15,000 in long-term capital gains. Barring any special allocations in a partnership agreement, what is Kerry's share of income?