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

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The Answer of Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership. The Dupont Partnership report 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