Which of the following is reported as ordinary income or expense from a partnership?

Name: Which of the following is reported as ordinary income or expense from a partnership?
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Question

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Depreciation expense is an ordinary expense that reduces the partnership's taxable income. Section 179 expense and gain on the sale of a Section 1231 asset are both treated as ordinary income, but they are not considered partnership income or expense. Dividend income is not typically earned by partnerships.

Which of the Following Is Reported as Ordinary Income or Expense