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 the above items would be separately stated

Question

Quizplus · Accepted Answer

All of the items listed (municipal bond interest income, capital loss, and dividend income) are separately stated items on a partnership's tax return because they can affect partners differently based on their individual tax situations.

Which of the Following Items Would Be Separately Stated Instead