Marty and Blake are equal partners in MB Partnership. The partnership reports the following items of income and expense: a. Which items are considered separately stated items? How will these items be reported to the partners? What form will be used?
b. Where (on what forms) will these amounts be reported by the partners?

Question

Marty and Blake are equal partners in MB Partnership. The partnership reports the following items of income and expense:  a. Which items are considered separately stated items? How will these items be reported to the partners? What form will be used?
b. Where (on what forms) will these amounts be reported by the partners?

Quizplus · Accepted Answer

The Answer of Marty and Blake are equal partners in MB Partnership. The partnership reports the following items of income and expense:  a. Which items are considered separately stated items? How will these items be reported to the partners? What form will be used?
b. Where (on what forms) will these amounts be reported by the partners?

Marty and Blake Are Equal Partners in MB Partnership