Brent is a general partner in BC Partnership.His distributive share of partnership income and his guaranteed payment for the year are as follows: What is his self-employment income?

Name: Brent is a general partner in BC Partnership.His distributive share of partnership income and his guaranteed payment for the year are as follows: What is his self-employment income?
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Question

Brent is a general partner in BC Partnership.His distributive share of partnership income and his guaranteed payment for the year are as follows:  What is his self-employment income?

Quizplus · Accepted Answer

Brent's self-employment income is the sum of his distributive share and his guaranteed payment, which is:
$55,000 + $11,000 = $66,000

Brent Is a General Partner in BC Partnership