Which of the following items would be separately stated instead of included in ordinary income when reported by a partnership?
A) Municipal bond interest income
B) Capital loss
C) Dividend income
D) All of these items would be separately stated

Question

Quizplus · Accepted Answer

All of these items would be separately stated when reported by a partnership. This means that they would be reported separately on the partner's Schedule K-1 form and not included in the partnership's ordinary income. Instead, they would be passed through to the partners individually to be reported on their personal tax returns.

Which of the Following Items Would Be Separately Stated Instead