Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership. The Dupont Partnership reports the following income and loss items for the current year:
What is Tracy's distributive share?

Question

Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership. The Dupont Partnership reports the following income and loss items for the current year:
  What is Tracy's distributive share?

Quizplus · Accepted Answer

The Answer of Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership. The Dupont Partnership reports the following income and loss items for the current year:
  What is Tracy's distributive share?

Tracy Has a 25% Profit Interest and a 20% Loss