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For Tax Purposes, in Computing the Ordinary Income of a Partnership

Question 27

Multiple Choice

For tax purposes, in computing the ordinary income of a partnership, a deduction is allowed for:


A) Payments to partners, determined without regard to the income of the partnership, for services provided to the partnership.
B) The net operating loss deduction.
C) Contributions to charitable organizations.
D) Personal exemptions of the partners.
E) None of these

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